EURUSD maintains its downward slide
Updated
Hello dear readers, let's explore the EURUSD market in the new week's trading session!
Currently, this currency pair is still maintaining a downward trend, currently at 1.0563. It is attempting to find a strong upward direction for itself. However, it is being hindered by the prospects of further tightening from the Federal Reserve which has boosted US Treasury bond yields and strengthened the US dollar (USD).
Therefore, it appears that this currency pair will adjust downwards to lower levels around 1.0400 in the near future.
Currently, this currency pair is still maintaining a downward trend, currently at 1.0563. It is attempting to find a strong upward direction for itself. However, it is being hindered by the prospects of further tightening from the Federal Reserve which has boosted US Treasury bond yields and strengthened the US dollar (USD).
Therefore, it appears that this currency pair will adjust downwards to lower levels around 1.0400 in the near future.
Note
good luchNote
The interest rate on US Treasury bonds continues to rise, accompanied by a generally weaker risk appetite. This is considered beneficial for the safe-haven USD and acts as a resistance for the EUR/USD pair as it continues to plummet.Note
Note
The new candle continues to show a decrease
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