EURUSD decreased and recovered

2 Okt 2023

The dollar starts the week slightly lower, with the DXY dollar index down 0.1% at 106.10, but the falls aren't convincing enough to look like they could mark the start of a downward trend, analysts at UniCredit Research say in a note. "We remain skeptical that a shift in sentiment has occurred," they say. The dollar's falls on Friday could simply represent position adjustments on the final trading day of September. "After all, the dollar index (DXY) is still at around 106 and EUR/USD remains slightly below 1.06, even though lower-than-expected preliminary eurozone CPI data for September failed to affect the common currency." EUR/USD trades flat at 1.0586.

EURUSD SELL 1.0567 - 1.0577 🔽🔽

✔️TP: 1.0527

❌SL: 1.0600