FX.co ★ EUR/USD

It should be noted that for the EURUSD pair nothing has changed in that the downward movement continues. Moreover, today's decline was not surprising to me, because I have said more than once that there remains a zone around 1.1207. And we confidently took it, went below 1.12, and even reached down to 1.1160. But I should note that I no longer have any obvious near-term targets on either side. And of course a decent pullback has long been due, which I do not rule out. Although everything will depend on demand for the dollar, and there will even be US indices today. In general, I still do not consider selling from these levels. However, if we drop again below 1.1180, I would not rule out buying there, but only with a stop-loss.