EURUSD | Is The EURO Correcting or Changing The Trend Direction?

EURUSD | Is The EURO Correcting or Changing The Trend Direction?

Over the last months, we have seen the EURO move only down without stopping at all.

During this month we also saw the price breking down sharply at the parity price level.

As we can see for the ECB, it was not a big deal that the EURO moved below 1 EUR=1 USD.

Maybe that's what they want to do now?
How might this affect the economy?

From a technical point of view, the price is testing a strong support zone that could push the price back down near the bottom.

Once the price breaks above 0.9880, the next challenge it will face will be near the parity price level. It will be another interesting and very risky week for all traders.

So keep the risk small and under control.

Thanks and good luck!