EURUSD, Daily
In the Daily timeframe, EURUSD has reached a critical support area and a global trendline after a sharp decline. DeMarker and %R indicate extreme oversold conditions, which makes two scenarios possible:
- A break of the trendline below 1.0780 will start a continued decline to 1.0700;
- A rebound from the trend line will start the long-awaited correction to 1.0900;