EURUSD Weekly Chart – Broken Trendline

 The EURUSD moved lower this week decidedly.  On the weekly chart, the uptrend trendline since 3/23/2020 is broken.

The Parabolic SAR signaled the trend change a few ago.  Now, it is confirmed by the broken trendline.  We’ll probably see the euro move lower against the dollar in the coming weeks.

The daily chart paints a similar picture.

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