How should EURUSD be traded today?
Greetings EURUSD traders! How do you foresee the movement of the EURUSD pair today?
With the markets closed for the holiday on Monday, EURUSD remained relatively stable, primarily oscillating around the 1.076 level. The overarching trend still appears to favor the bears, with prices firmly entrenched within a descending channel and lacking the momentum to break free from this pattern.
Given the current scenario, I am inclined to anticipate a continuation of the downtrend for EURUSD. My target is set at 1.070. What are your projections for this currency pair?
With the markets closed for the holiday on Monday, EURUSD remained relatively stable, primarily oscillating around the 1.076 level. The overarching trend still appears to favor the bears, with prices firmly entrenched within a descending channel and lacking the momentum to break free from this pattern.
Given the current scenario, I am inclined to anticipate a continuation of the downtrend for EURUSD. My target is set at 1.070. What are your projections for this currency pair?
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