EURUSD: Continued quiet trading
Updated
Hello, what are your thoughts on EURUSD?
Today, EURUSD is still in a downward trend with a sideways movement and is limited below the resistance level of 1.097. Currently, this currency pair is fluctuating around the 1.093 level, and the prospects lean towards further price decline due to the increase in US Treasury bond yields, which has supported the US Dollar (USD).
Regarding today's trading, we will prioritize a SELL strategy based on the confirmation of a downward reversal signal from the 34 EMA on short-term timeframes and the convergence on the 4-hour chart.
What about you? Do you think EURUSD will rise or fall in the near future?
Today, EURUSD is still in a downward trend with a sideways movement and is limited below the resistance level of 1.097. Currently, this currency pair is fluctuating around the 1.093 level, and the prospects lean towards further price decline due to the increase in US Treasury bond yields, which has supported the US Dollar (USD).
Regarding today's trading, we will prioritize a SELL strategy based on the confirmation of a downward reversal signal from the 34 EMA on short-term timeframes and the convergence on the 4-hour chart.
What about you? Do you think EURUSD will rise or fall in the near future?
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