EUR USD falls when USD appreciates
Updated
Brian greets everyone!
EUR continues its downward trend today after numerous recovery efforts, currently fluctuating within a narrow range of 1.057 - 1.047.
By observing the 1D chart, we can easily see that the downward channel shows no signs of stopping, with price increases only occurring in the short term.
Furthermore, the interest rates of US Treasury bonds continue to rise, along with a weaker overall risk appetite. This is considered to benefit the safe haven USD and act as a resistance force against the EUR/USD pair as they continue to maintain their downward trend.
EUR continues its downward trend today after numerous recovery efforts, currently fluctuating within a narrow range of 1.057 - 1.047.
By observing the 1D chart, we can easily see that the downward channel shows no signs of stopping, with price increases only occurring in the short term.
Furthermore, the interest rates of US Treasury bonds continue to rise, along with a weaker overall risk appetite. This is considered to benefit the safe haven USD and act as a resistance force against the EUR/USD pair as they continue to maintain their downward trend.
Note
The EUR/USD lost over a hundred pips on Monday, resuming the downside that started on Friday's American session, dropping below 1.0500 to hit multi-month lows. The pair remains under pressure after the short-lived rebound.Note
and you? What do u think ?Note
At the time of the survey, the US Dollar Index (DXY) measuring greenback fluctuations with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) increased by 0.15%; to 107.06.Trade active
Note
in 4H 
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