victoriajensen posted: I think EUR/USD will reach 1.3100 and will test the support there but I don't think it will be able to break below that level. The downward trend is exhausted. That said, if it does break below that level it might head to 1.3000
I agree, it looks like the prices are pressing hard on the 1.3100 level, but whether be able to breakout the level or not will be a question.
EURUSD initially fell during the course of yesterday session making yet again new lows at 1.3109, but bounced enough to create a hammer pattern. It appears that the market could get a bounce from here to the 1.32 level. Let’s see what ECB brings to the table this Thursday.
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