FX.co ★ berta.hill | EUR/USD

Hello traders, Things are still looking gloomy to the north on EURUSD, and there are no clear signs indicating growth. We witnessed a decline throughout the past week, and the beginning now also seems predominantly southern. There was a price gap, which by the way has already been filled, so it is no longer relevant. Now we need to focus on the levels themselves from which we could potentially rebound. There is the mid-March minimum, but I have some doubts whether it will hold in the end, as there was only one bounce from it. This alone seems insufficient for any real recovery. At this point, there seems to be no good reason to sell anymore. We have passed all the favorable potential points, and there weren't many here to begin with. Those who dared to sell without a significant pullback were able to take good profits already. And they can take even more if they hold their positions until 1.1415, which is the current target.