The euro will rise!
EUR/USD steadied slightly in Asia on Thursday (Nov 7), currently trading around 1.0723. The euro fell 1.8 percent the previous day, hitting as low as $1.0683, its lowest level since June 27, as the dollar index surged 1.7 percent and U.S. Treasury yields rose sharply.
Preliminary resistance is seen at 1.0820/44 along with this week's high at 1.0937. Preliminary support sits at Wednesday's low of 1.0682 and the June low of 1.0666.
Preliminary resistance is seen at 1.0820/44 along with this week's high at 1.0937. Preliminary support sits at Wednesday's low of 1.0682 and the June low of 1.0666.
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