EUR/USD Price Analysis: The decline extends
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There haven't been many changes for the EU today, as the currency continues to trend downwards due to the hawkish stance from the Federal Reserve and indications that the European Central Bank may avoid any further interest rate hikes. The main currency pair is currently trading around 1.0563, down 0.09% for the day.
The current price increases are only short-term as the Relative Strength Index (RSI) remains in the bearish zone below 50, indicating that the downward trend is still favored.
There haven't been many changes for the EU today, as the currency continues to trend downwards due to the hawkish stance from the Federal Reserve and indications that the European Central Bank may avoid any further interest rate hikes. The main currency pair is currently trading around 1.0563, down 0.09% for the day.
The current price increases are only short-term as the Relative Strength Index (RSI) remains in the bearish zone below 50, indicating that the downward trend is still favored.
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good luckNota
Support levels: 1.0520 1.0480 1.0440Resistance levels: 1.0575 1.0620 1.0660
Nota
EU continues to decline deeplyNota
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