EURUSD cannot yet resist the downtrend
Updated
Greetings to all.
At present, the EURUSD pair is persisting in its downward movement and is presently being traded at 1.0506. It appears that there is a consensus among us that the prevailing trend favors a robust Dollar.
As of now, no compelling reason has surfaced to oppose this bearish trend in EUR/USD. However, it would be wise to closely monitor inflation rates in Germany and Spain today, as any significant developments may influence the European Central Bank's final interest rate adjustment decision. Barring such unforeseen circumstances, it is anticipated that EUR/USD will continue its decline towards the 1.0400/1.0410 range.
At present, the EURUSD pair is persisting in its downward movement and is presently being traded at 1.0506. It appears that there is a consensus among us that the prevailing trend favors a robust Dollar.
As of now, no compelling reason has surfaced to oppose this bearish trend in EUR/USD. However, it would be wise to closely monitor inflation rates in Germany and Spain today, as any significant developments may influence the European Central Bank's final interest rate adjustment decision. Barring such unforeseen circumstances, it is anticipated that EUR/USD will continue its decline towards the 1.0400/1.0410 range.
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