EUR/USD Strong Sellers!
The EUR/USD pair resumed its downside movement as expected after escaping from the up-channel pattern. You knew from my analyses that the currency pair could extend its drop if it drops below 1.0911 and 1.0843 former lows which represented downside obstacles.
In the short term, EUR/USD rebounded and retested the 1.0911 key level and now it has dropped below the 1.0814 forme low. As long as it stays under the downtrend line, the price could approach and reach new lows.
EUR/USD Trading Conclusion!
Dropping below 1.0814 former low signal strong sellers and potential downside continuation despite temporary rebounds.
