Clear ongoing downward trend in the EUR/USD since March 2018. Perfect channel and trend going on for 14 months already. Shorts taking over the market with not a lot of risk.
The ECB keeps posponing the increase of interest rates while the US keeps breaking records in its main indexes like S&P 500 and EUR continues depreciating. 1.10 might act like a magnet for the price and derive it there. It would mean being at a almost 2 year low.
Overall analysis is bearish until there are clear reversal signs.
The Copilot