Eurusd slack near all time low since 14th July 2022. After testing support since 11th May 2022. The comming support is 0.9952 and then Trendline since March 2004.
According to the Economic Calender PMI data ahead tomoroow which is expecting strong for the Euro. Euro must recover near ATL since 14th July. Because of its strong support
On the other hand Xau is falling against Dollar since 15th August. Because of their relationship between Fiber and Yellow Metal. Investor are expecting a strong rise at the time of PMI Release.
The chart is clearing showing the the way how Euro Stumbled the journey. The failure of holding of previous support may be cause of the target to trendline since March 2004. Dxy also soaring after a retest of its trendline and support. Both are the strong signs of reversal.
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