EUR/USD declining for several days

Forex Analysis

EUR/USD declining for several days, Daily analisys
May 7, 2020

Our Picks: EUR/USD

Expertise: Technical

Time Frame: Daily

Greeting to all customers! 
EUR/USD couldn't break strong resistance level of 1.099 recently and then began to fall for several days in a row.
We also saw a false breakof this level which in normal time indicates that the price will drop significantly in near future. So we made some trading recommendations before and gave several free forex signals on this pair. 
It is obvious that EUR/USD is near the support line today and in case when the price breaks this line, then  EUR/USD will definitely reach the bottom line of the falling channel.  We are going to recommend our cutomers to buy EUR/USD from the lower line of the falling channel. Forex signals on this pair will be provided also. 
 

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