Expected Best Buying Zones for the EUR/USD Pair
The EUR/USD pair is moving within a strong downtrend, a result of recent sell-offs that coincided with the strengthening of the US dollar.
Expectations point to a potential continued decline toward daily demand zones that overlap with weekly demand zones.
Expected Targets
Should the price test the daily demand zones near the 1.0992 level, we may see a corrective rebound toward the 1.1090 and 1.1190 levels, respectively.
The expected upward move would be invalidated if the demand zones are broken by a bearish candle, followed by a daily close below them.
