EURUSD TECHNICAL POSITION: TRENDING LOWEREUR/USDOANDA:EURUSDPrinciplesofmathprobIn my previous analysis of EURUSD, I mentioned that, given the conditions, I would not be a buyer of EURUSD. https://www.tradingview.com/chart/6E1!/cDoGZMVM-Given-the-current-conditions-I-wouldn-t-be-a-buyer-of-EUR-USD/ That was on March 6th, 2 days before Crude Oil exploded to the upside and the rest of the markets also reacted to the war news. EURUSD had been in an uptrend for almost 4 years until it reached the top of the previous downtrend, failing to take any major highs and also unable to pass through the center of its uptrend after multiple attempts. Finally, it ended up gaping lower, passing through the last two swing lows, making a clear change in behavior. It’s important to note that before the drop there was a significant stop run to the upside, taking out everyone who had positioned short, which makes the signal even more reliable. Now I expect it to drop at least 300 to 400 pips.