EUR/USD Daily Chart Analysis For Week of Dec 15, 2023
Technical Analysis and Outlook:
The Eurodollar currency pair has shown a strong rebound in the recent trading session, climbing to reach our previously identified Inner Currency Rally level of 1.099. However, this was followed by a sharp reversal, with the price dropping rapidly. The current price action indicates that the Eurodollar is likely to continue on a downward trend, with the designated target levels being Mean Sup 1.075 and Inner Currency Dip of 1.068.
Overall, it's crucial to stay vigilant and informed about the ever-changing dynamics of the Eurodollar market to make the most of the opportunities it presents.
The Eurodollar currency pair has shown a strong rebound in the recent trading session, climbing to reach our previously identified Inner Currency Rally level of 1.099. However, this was followed by a sharp reversal, with the price dropping rapidly. The current price action indicates that the Eurodollar is likely to continue on a downward trend, with the designated target levels being Mean Sup 1.075 and Inner Currency Dip of 1.068.
Overall, it's crucial to stay vigilant and informed about the ever-changing dynamics of the Eurodollar market to make the most of the opportunities it presents.
