EURUSD: Still under pressure
Hello cherished trading community!
What are your thoughts on EUR/USD today?
Yesterday, the pair experienced a notable decline, aligning perfectly with our expectations. It's currently orbiting the 1.087 mark, drawing some supportive momentum from its previous support levels.
In recent developments, a fresh aversion to riskier assets, combined with favorable outcomes from U.S. policy initiatives, has ignited buying pressure for the U.S. dollar. This dynamic is carving out opportunities for an intensifying weakness around the EUR/USD as the U.S. Dollar Index (DXY) forges ahead, breaking past the 103.00 barrier and maintaining its positive stride over the week, further weighing down on the pair with a continuation of its downtrend!
What are your thoughts on EUR/USD today?
Yesterday, the pair experienced a notable decline, aligning perfectly with our expectations. It's currently orbiting the 1.087 mark, drawing some supportive momentum from its previous support levels.
In recent developments, a fresh aversion to riskier assets, combined with favorable outcomes from U.S. policy initiatives, has ignited buying pressure for the U.S. dollar. This dynamic is carving out opportunities for an intensifying weakness around the EUR/USD as the U.S. Dollar Index (DXY) forges ahead, breaking past the 103.00 barrier and maintaining its positive stride over the week, further weighing down on the pair with a continuation of its downtrend!
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