EUR/USD is experiencing a decline in the European morning, with the pair approaching the 1.0800 level. The US Dollar is gaining strength as the market adopts a risk-off profile, with traders exercising caution ahead of upcoming US debt-ceiling discussions.
In terms of technical analysis, the price initially rebounded from the 61.8% Fibonacci level today, following a bearish impulse during the opening of the London market. However, our outlook remains focused on a continuation of the short position.
In terms of technical analysis, the price initially rebounded from the 61.8% Fibonacci level today, following a bearish impulse during the opening of the London market. However, our outlook remains focused on a continuation of the short position.
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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.