Hello Traders,
We are currently seeing attempts off EURUSD bears to push into a new lower low for the monthly and weekly timeframes. It already has closed lower than previous support levels on a daily.
I believe with such strong bear movement we will have a pullback to the moving averages off 25-50 on 1 hourly or maybe even 4 hourly timeframes before this trade continues to push further down.
We are currently seeing attempts off EURUSD bears to push into a new lower low for the monthly and weekly timeframes. It already has closed lower than previous support levels on a daily.
I believe with such strong bear movement we will have a pullback to the moving averages off 25-50 on 1 hourly or maybe even 4 hourly timeframes before this trade continues to push further down.
