Forum hello. ✌️ Well, the American trading session has started. With its arrival and the outcomes of the news we received from the States, which did not bring any changes for the American currency. This means that the movement trend for EURUSD remains the same. We are moving slowly towards the support level of 1.1050. Since yesterday, we have been discussing how EURUSD could behave given today's news. However, as we can see, in the first half of the trading day, when fundamental data came out from the EU, there were no significant changes. The same scenario applies to the news from the States. In fact, nothing really affected EURUSD. So? Right, it's all in the hands of traders. And sticking to the fact that once reaching the price of 1.1200, EURUSD started to decline, this initiative continues to this day.
In light of the above, I anticipate the following movement scenario: 1. Let's start with buying EURUSD. In order to get the first signs of strengthening the value of EURUSD, we need quotes above the level of 1.1100. Once we strengthen above that, then we will have the probability of reaching targets such as 1.1200. And the decisive level for buyers will be the mark of 1.1269, which in a way opens the way to the 13th figure; 2. However, we also understand perfectly well that to resume the northern movement trend, we need factors at the moment that will positively impact the demand for EURUSD. They are currently absent. Therefore, sales remain a priority; 3. And now, if we consider further decline, the first task for players is to drop below the level of 1.1050; 4. Once the price of EURUSD becomes lower than 1.1050, we continue moving towards the overall target of 1.0900 in small steps; 5. From this level, I will already expect further northern corrections.
