Dear friends, in today's trading session, EURUSD is currently consolidating at a high level around 1.0577, which coincides with a resistance level. On the other hand, the overnight speech by Federal Reserve Chairman Jerome Powell has led to market instability and unclear trading throughout the day.
"The market is in turmoil, anxiously awaiting a move: gold and oil, the clearest indicators of sentiment towards the conflict, continue to rise." Due to these reasons, I anticipate that EURUSD will continue its expected decline to 1.045, which aligns with a lower support level on the 4-hour timeframe.
"The market is in turmoil, anxiously awaiting a move: gold and oil, the clearest indicators of sentiment towards the conflict, continue to rise." Due to these reasons, I anticipate that EURUSD will continue its expected decline to 1.045, which aligns with a lower support level on the 4-hour timeframe.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.