Technical analysis of EUR/USD 07/28/2021

EUR/USD currency pair continues its downward movement on the daily timeframe. The pair found support at 1.1750, from where it corrected and is currently trading around 1.1830.
The technical picture suggests a continuation of the downward trend with a potential target of 1.1700 (minimum of the year).
Cancellation of the option to continue the downtrend will be the growth of the pair above 1.2000 crossing (MA100) and (MA200).

EURUSD_STPDaily (12)

Created by Joshua Hayn

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