Participant

EUR/USD rate is challenging the support area and I’m afraid that the European currency will lose this battle and the price will continue to go down. We had two attempts to reach the 1.15 area but the buyers wasn’t strong enough to push the price higher. If the price will break the support area between 1.0819 and 1.0848 then the price will try to reach the previous low from 1.0461. The pair remains bearish on medium and long term, maybe we’ll see the price somewhere at parity till the end of the year, this scenario can happen if the FED will rise the interest rate as expected.

eurusd

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