EURUSD today - downtrend is still clear
Hello everyone!
At present, the Euro is making efforts to rebound following a recent drop to its lowest level in several months, falling below 1.0450. A thorough analysis of the one-day chart reveals a distinct downward trend, breaking through previous gains and support levels, although there has been some temporary recovery. However, the overall outlook suggests that further decline is likely due to negative market sentiment impacting this currency pair's trajectory. Currently, a short-term target for this pair would be the psychological level of 1,400.
At present, the Euro is making efforts to rebound following a recent drop to its lowest level in several months, falling below 1.0450. A thorough analysis of the one-day chart reveals a distinct downward trend, breaking through previous gains and support levels, although there has been some temporary recovery. However, the overall outlook suggests that further decline is likely due to negative market sentiment impacting this currency pair's trajectory. Currently, a short-term target for this pair would be the psychological level of 1,400.
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