"Hello dear Traders, what do you think about EURUSD this week? Will it rise or fall?
Looking at today's chart, the EURUSD pair is clearly showing a slight upward adjustment with the price currently fluctuating around 1.078, marking a 0.09% recovery for the day.
From a technical perspective: Although there's a recovery, the downward trend still dominates after EURUSD successfully broke through the 1.075 support level. The sideways movement on the daily chart might end soon if the Fed decides to delay the interest rate cuts. In that scenario, the next targets for sellers would be the 1.066 area, followed by 1.057."
Looking at today's chart, the EURUSD pair is clearly showing a slight upward adjustment with the price currently fluctuating around 1.078, marking a 0.09% recovery for the day.
From a technical perspective: Although there's a recovery, the downward trend still dominates after EURUSD successfully broke through the 1.075 support level. The sideways movement on the daily chart might end soon if the Fed decides to delay the interest rate cuts. In that scenario, the next targets for sellers would be the 1.066 area, followed by 1.057."
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