EURUSD is having difficulty recovering
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Hello everyone! It's great to see you all again and have a discussion about the market today.
Today, the exchange rate of EUR/USD is showing a downward trend. It has started to decrease and is currently trading at 1.0500. This currency pair is trying to make a slight recovery. HOWEVER, along with that, there is also a modest decline in the US dollar, amid optimistic sentiment and slow pace of interest rate hikes by the US Federal Reserve, which is supporting this currency pair.
In my personal opinion as an analyst (AD), the resistance level at 1.0604 may be adjusted once again and then expect it to decrease towards the support level at 1.0455.
Today, the exchange rate of EUR/USD is showing a downward trend. It has started to decrease and is currently trading at 1.0500. This currency pair is trying to make a slight recovery. HOWEVER, along with that, there is also a modest decline in the US dollar, amid optimistic sentiment and slow pace of interest rate hikes by the US Federal Reserve, which is supporting this currency pair.
In my personal opinion as an analyst (AD), the resistance level at 1.0604 may be adjusted once again and then expect it to decrease towards the support level at 1.0455.
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