EURUSD : Selling pressure remains !
Hello everyone,
Today, the EUR/USD faced renewed downward pressure, dropping to its lowest since November, beneath the 1.0700 mark. Despite technical indicators suggesting that the pair is oversold, betting on a Euro recovery might be risky, especially with the diverging monetary policies of the European Central Bank (ECB) and the Federal Reserve (Fed).
It seems wise to continue selling this pair once the current minor price correction concludes. What are your thoughts?
Today, the EUR/USD faced renewed downward pressure, dropping to its lowest since November, beneath the 1.0700 mark. Despite technical indicators suggesting that the pair is oversold, betting on a Euro recovery might be risky, especially with the diverging monetary policies of the European Central Bank (ECB) and the Federal Reserve (Fed).
It seems wise to continue selling this pair once the current minor price correction concludes. What are your thoughts?
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