Hello dear friends, the EURUSD pair today continues to rise as predicted. It is currently trading at 1.0549. However, market participants are awaiting the ZEW Economic Sentiment Survey in October, which is expected to improve from -8.9 to -8.0. The major currency pair is currently trading around 1.0559, down 0.02% for the day. This could be seen as a sign of restraining the future rise of Gold in the near and short term.
For the above reasons, the expected downward trend is likely to start soon, with a projected price of 1.0494 and possibly even lower at 1.0449.
For the above reasons, the expected downward trend is likely to start soon, with a projected price of 1.0494 and possibly even lower at 1.0449.
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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.