EURUSD continues to decline
Updated
Hello everyone! Let's explore EURUSD today with me! Despite multiple recovery efforts, EUR is currently experiencing further decline without significant progress.
By observing the 4H chart, we can see that the primary trend remains bearish, with price increases only occurring in the short term.
The interest rate on US Treasury bonds continues to rise, accompanied by a generally weaker risk appetite. This is considered beneficial for the safe-haven USD and acts as a resistance for the EUR/USD pair as it continues to plummet.
By observing the 4H chart, we can see that the primary trend remains bearish, with price increases only occurring in the short term.
The interest rate on US Treasury bonds continues to rise, accompanied by a generally weaker risk appetite. This is considered beneficial for the safe-haven USD and acts as a resistance for the EUR/USD pair as it continues to plummet.
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EU increased as predicted
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