EURUSD approaching September lows

EURUSD is getting near its September lows, which are also close to the 50.0 retracement of the long-term downward wave, which started at the beginning of 2018. We are observing similar movements to those that took place before the 2016 elections. First, the EURUSD gained, and then fell sharply. In turn, after the elections, the dollar appreciated, but began to retreat as Trump took power.

The EURUSD recorded a strong decline this week. Two things are worth noting: in September, after a similar declines, we saw a rebound from the key support of the 50.0 retracement. The second thing - the dollar is behaving as it was back in 2016. Source: xStation5

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