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As before, so now. We are in a downward trend, and going above the resistance will only give a positive signal to possible long positions.
Lagrad’s statement about too strong the euro had an immediate effect in the form of declines in pair with the dollar, but it is not a correction in the shape of the letter “V” as many would probably expect. Currently, we are at the level of local resistance, and macro data for Europe and the US can be quite confusing on today’s charts. Unfortunately, I expect a further weakening of the US dollar. At the same time, I am not convinced that in this case the Euro will be stronger than the USD.
