so based on doing some technical analysis on eur/usd. last week E/U rejected a major resistance area in the 1.25000 zone, creating a double top and downtrend momentum. I simply placed a trend line and it currently looks like it is respecting the trend line in the 1.24100 area and may reject from breaking the trend line so being it will be continue with a downward momentum. so lets see what E/U has to bring for us this week. If any questions contact me on Instagram @therealalanalvarez.
I hope this was helpful.
I hope this was helpful.