Permanecer 
Condições de Negociações
Ferramentas
EUR/USD
After a strong rebound on Friday, at the close of the week, many probably wondered: Is this the end of the downward movement in the euro?
In life, almost everything seems possible - and this option, of course, is not excluded.
However, such a conclusion is clearly premature.
We can clearly see the movement down the euro on a weekly scale.
In the event of a reversal, we should see a reversal pattern of the daily scale - for example, a new approach to a minimum of 1.0778 - and then a break above Friday's maximum of 1.0863 and a consolidation above.
Meanwhile, the euro's rebound upward looks like a normal correction to the green line of the "William Alligator" on the daily chart - see the chart above.
From a foundation point of view, a new wave of negative coronavirus is pushing the euro down. In addition, the repercussion in the German economy has not gone away.
We are waiting for a new wave of the fall of the euro, we keep sales from 1.0990 and sell from 1.0860 or higher.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.
