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EURUSD Slips Back Below Downtrend Line

Started by PocketOption, Nov 04, 2022, 06:08 am

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PocketOption

Nov 04, 2022, 06:08 am
EURUSD Slips Back Below Downtrend Line

EURUSD came under strong selling pressure yesterday following Fed Chair Powell's hawkish remarks, breaking back below the medium-term downtrend line drawn from the high of February 10. The pair extended its slide today, breaking a short-term upward sloping support line taken from the low of September 28. These technical signs suggest that the bears are back […]


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