EUR/USD stays defensive below 1.0600
Updated
Hello dear friends, As per Karina's analysis in recent days, EURUSD is facing difficulties in finding opportunities for price increase and there hasn't been any indication that EURUSD will reverse its direction. This currency pair has been weakened by cautious risk sentiment while the US dollar remains steady ahead of the Fed's interest rate decision and important employment data from the United States.
Yesterday, after reaching the resistance level of 1.064, the price quickly turned back and is currently at 1.057. Overall, the trend of EURUSD is still moving steadily within a range and trading around the activity area of the two ema lines. Therefore, it is likely that the next moves of this currency pair will still be within the expected range of 1.065 - 1.052.
What are your thoughts on EURUSD?
Yesterday, after reaching the resistance level of 1.064, the price quickly turned back and is currently at 1.057. Overall, the trend of EURUSD is still moving steadily within a range and trading around the activity area of the two ema lines. Therefore, it is likely that the next moves of this currency pair will still be within the expected range of 1.065 - 1.052.
What are your thoughts on EURUSD?
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Note
Price continues to move as analysis, the price has not escaped to ask the box, congratulations!
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