Hello dear friends, as predicted by us yesterday, the EURUSD pair continues to decline at the current price level of around 1.073 and the prospects are even more bearish.
The recent rise in the US dollar following strong US PMI ISM data has weighed on this currency pair amidst investors' concerns about Germany's inflation data. From a technical analysis perspective, this currency pair lacks a clear direction for the next trend as the EMA 34 and 89 do not provide us with signals and future prospects. However, the preference still lies with the downward movement, with lower highs and EURUSD breaking below the support level of 1.075.
In my personal opinion, I hope that this currency pair will continue to correct further and the lowest point at this time is 1.055.
The recent rise in the US dollar following strong US PMI ISM data has weighed on this currency pair amidst investors' concerns about Germany's inflation data. From a technical analysis perspective, this currency pair lacks a clear direction for the next trend as the EMA 34 and 89 do not provide us with signals and future prospects. However, the preference still lies with the downward movement, with lower highs and EURUSD breaking below the support level of 1.075.
In my personal opinion, I hope that this currency pair will continue to correct further and the lowest point at this time is 1.055.
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