With the constant US dollar selling by the People's Bank of China, the euro has been a main beneficiary. However, market forces have returned and, keeping the rate below 1.09, maintain a bearish trend.
Trade closed: target reached
Consolidation before breakNote
Selling volume is still greater than bids, a sharp drop below 1.08 may be imminent
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.