EUR/USD: No reason to fight this bearish trend just yet
Selena is delighted to meet all of you again during today's market exchange.
Currently, EURUSD continues its downward trend and is trading at 1.509. It seems that we all agree that the prevailing trend is a strengthening US Dollar.
There doesn't seem to be any reason to resist the downward trend of EUR/USD. However, today, let's pay attention to inflation in Germany and Spain - in case it sets the stage for the ECB's final interest rate hike. If not, it is predicted that EUR/USD will continue to slide towards the 1.045 or 1.0410 level.
Currently, EURUSD continues its downward trend and is trading at 1.509. It seems that we all agree that the prevailing trend is a strengthening US Dollar.
There doesn't seem to be any reason to resist the downward trend of EUR/USD. However, today, let's pay attention to inflation in Germany and Spain - in case it sets the stage for the ECB's final interest rate hike. If not, it is predicted that EUR/USD will continue to slide towards the 1.045 or 1.0410 level.
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The EU is increasing accurate technical indicators
