One can tell from the sharp fall on EURUSD yesterday that the upside is not accommodative to EURUSD, that is why the pair will try to rise and fall back with heavy movement. Also, with the nature of my trendline analysis, if EURUSD could break below 1.1662 successfully today, the pair will touch 1.1585 before the end of tomorrow's trading. If broken again, it is going to be a free fall for EURUSD.
Translate to English Show original