EURUSD: Quiet trading
How do you assess EURUSD?
Today, EURUSD is still in a downtrend with sideways movement and is limited below the resistance level of 1.097. Currently, this currency pair is fluctuating around 1.093 and is expected to decrease further due to the increase in US Treasury bond yields, which has been supportive of the US Dollar (USD).
The EMA 34 line on short-term timeframes and convergence on the 4-hour chart continue to reinforce the bearish outlook.
What about you? Do you think EURUSD will rise or fall in the near future?
Today, EURUSD is still in a downtrend with sideways movement and is limited below the resistance level of 1.097. Currently, this currency pair is fluctuating around 1.093 and is expected to decrease further due to the increase in US Treasury bond yields, which has been supportive of the US Dollar (USD).
The EMA 34 line on short-term timeframes and convergence on the 4-hour chart continue to reinforce the bearish outlook.
What about you? Do you think EURUSD will rise or fall in the near future?
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