Mihai_Iacob

EurUsd- Where is the next obvious support?

Kort
FX:EURUSD   Euro / USA-dollar
EurUsd is dropping like no tomorrow and, even I, who I'm strongly bearish this pair expected some kind of correction these days.
But, as always, markets are far from normal, and more often than not, overshooting.
With EurUsd making a new low for the past 20+ years we may ask ourselves, where this fall can stop?
Of course, anything can happen, but from o technical point of view, the 0.95 zone is the next obvious support.
I don't hold a trade on EurUsd at this moment, but 1.0050 is strong resistance at this moment and rallies should be sold if the pair tries to reach parity again (let's say above 0.99)

One thing is clear for me, anyway, buying into this fall is very risky, it can work, but is gambling, not trading.



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