In the wider currency market, the euro EURUSD lost 0.07% to $1.0565, after ending the previous quarter with a 3% fall, its worst performance in a year. The Euro fell sharply after breaking the key support level of 1.0580. The currency touched a low of 1.0488 and rebounded from there. Resistance levels for the Euro are at 1.06 and then in the 1.0670-1.0700 zone. If the recent recovery momentum is maintained, the Euro could rebound to the 1.06-1.07 mark. However, the possibility of an increase beyond 1.07 is unlikely. The short-term outlook remains bearish. Therefore, we can expect the Euro to fall to 1.04 next week, or to rise to 1.06-1.07 and then adjust back to 1.04.

EURUSD SELL 1.0568 - 1.0578 🔽🔽
✔️ TP: 1.0530
❌ SL: 1.0600
✔️ TP: 1.0530
❌ SL: 1.0600
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Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/xauusdtradingfx
🔴9-12 signals per day
🔴Free knowledge support
🔴24/7 support for newbies.
🔴You always have priority.
(don't copy, click on the links!)
🟢Telegram Channel: t.me/xauusdtradingfx
🔴9-12 signals per day
🔴Free knowledge support
🔴24/7 support for newbies.
🔴You always have priority.
Related publications
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.