Eurusd downtrend
EURUSD
The market recently could not break through the resistance and update its swing lows. The market overall is ranging. The price action made a deeper retracement that previous bearish retracement abd that means bears are stronger. I think the price may fall if the market forms a fake break at resistance and then go down to test main support level because price is near strong resistance and downward trendline. I expect fall from recent resistance. My goal is support around 1.05560
The market recently could not break through the resistance and update its swing lows. The market overall is ranging. The price action made a deeper retracement that previous bearish retracement abd that means bears are stronger. I think the price may fall if the market forms a fake break at resistance and then go down to test main support level because price is near strong resistance and downward trendline. I expect fall from recent resistance. My goal is support around 1.05560
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