EUR/USD extended its decline to a weekly low
Aktualisiert
EUR/USD continued its losing streak for the third straight day, trading lower around 1.0640 during the Asian session on Thursday.
About news:
The US Federal Reserve (Fed) chose to leave its current benchmark policy rate unchanged at 5.5% in its meeting held on Wednesday.
Technically on the H4 time frame we can see that the main trend of the pair right now is down after it fell to the weekly low of 1.0617 USD.
DRIAN's personal opinion is that you need to wait for more Fed news and economic data from the US to figure out the possible direction of this EUR/USD pair.
About news:
The US Federal Reserve (Fed) chose to leave its current benchmark policy rate unchanged at 5.5% in its meeting held on Wednesday.
Technically on the H4 time frame we can see that the main trend of the pair right now is down after it fell to the weekly low of 1.0617 USD.
DRIAN's personal opinion is that you need to wait for more Fed news and economic data from the US to figure out the possible direction of this EUR/USD pair.
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