🇪🇺 EURUSD 🇺🇸 - A strong dollar is bad for the euro
EURUSD may soon overcome the boundary in the form of support. Against the background of the downtrend, the price is forming a retest of support after a false breakout of resistance. This may be a strong signal for further price decline to 1.06655
Reasons for further decline:
1) False breakdown of resistance on the background of the downtrend
2) Strong dollar negatively affects the euro
3) Weak pullback. Price forms a retest of support
Reasons for further decline:
1) False breakdown of resistance on the background of the downtrend
2) Strong dollar negatively affects the euro
3) Weak pullback. Price forms a retest of support
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