FX.co ★ EUR/USD

It is worth noting that nothing has changed for the EURUSD pair today, as we continued to decline and even went below 1.1510, but we have not yet consolidated there. Therefore, I would not say that the uptrend is broken. Especially since the long initiative is still in place. However, this pressure is concerning, and we may drop even lower. Of course, the dollar plays a role here, being in demand as a safe haven currency. But again, today is the end of the week, where the dollar has been consistently strengthening, so I would not rule out closing positions. Overall, I am still looking north, which is why I bought from 1.1512, but with a stop loss below Monday's lows. And of course, how we close is important.