EUR/USD Downtrend Intact!
The EUR/USD pair dropped below the uptrend line and below 1.0983 former low signalings a potential deeper drop. In the short term, it moves somehow sideways. 1.0953 level stands as a downside obstacle.
As you already know, as long as it stays under the downtrend line, the EUR/USD pair could extend its downside movement, it could approach and reach fresh new lows.
EUR/USD Outlook!
Dropping and stabilizing below 1.0953 could announce potential further drops. This could help the sellers to catch new downside movements.
