EUR/USD stays pressured below 1.0600
Updated
Hello dear friends,
EUR/USD is currently trading favorably below 1.0600 in the Asian trading session on Monday. Traders are considering developments in the Middle East, which may limit the pair's upward movement, while the US dollar is recovering amid higher interest rates and declining stocks.
From a technical analysis perspective:
The Bollinger Band range is operating normally and has not shown any signs of narrowing or expanding, indicating stable trading around the 1.058 level for the EU. If the EU closes above 1.0640 on a daily basis, it could pave the way for further increases. Conversely, if this pair drops below 1.0500, it may indicate further weakness ahead.
Karina still holds the view of a greater decline. Do you agree with this?
EUR/USD is currently trading favorably below 1.0600 in the Asian trading session on Monday. Traders are considering developments in the Middle East, which may limit the pair's upward movement, while the US dollar is recovering amid higher interest rates and declining stocks.
From a technical analysis perspective:
The Bollinger Band range is operating normally and has not shown any signs of narrowing or expanding, indicating stable trading around the 1.058 level for the EU. If the EU closes above 1.0640 on a daily basis, it could pave the way for further increases. Conversely, if this pair drops below 1.0500, it may indicate further weakness ahead.
Karina still holds the view of a greater decline. Do you agree with this?
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