The price moved lower and reached the support area. EURUSD is at a quite strong support level. It formed a bullish divergence at the channel border. I think the market might spike downside taling liquidity below. If it fails to rebound, then it can potentially fall even lower towards 1.08000 support. The market is losing its bearish momentum; the price created doji candles on the 4H timeframe. I expect a retest of the resistance. My goal is the resistance at 1.09000
📊QUICK FUNDAMENTAL LOOK
The euro depreciated towards the $1.085 threshold, marking its lowest point in a fortnight, as investors digested dovish comments from few ECB officials while awaiting the US Federal Reserve's policy meeting scheduled for Wednesday.
⚠️Warning: Trading contains elements of risk, please be careful when Making Orders, Market Recommendations are only for consideration.