EUR/USD Has Almost Reached The Previous Low

As I thought it would, the EUR/USD pair has almost reached the previous low at 1.0462 – 1.0470. The question is, what follows next? There is a serious possibility for the pair to form a double bottom once it reaches that level and to start climbing again, continuing the consolidation, but I, personally, think it will break below the support and keep falling until it finally reaches parity. That said, we will have to wait at least until Monday to find out.

I wish you all a wonderful weekend!