EURUSD: Continues to grow downward
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Hello everyone, in today's trading session, EURUSD continued to decline following the trend observed in recent days, with the price fluctuating around 1.062 and has decreased by 0.15% so far.
EURUSD's decline continues, in large part due to hawkish comments from US Federal Reserve officials, which has strengthened the Dollar and become a key barrier for with any EURUSD recovery. According to careful analysis, the support level at 1,060 may soon be penetrated due to strong selling pressure. With price currently moving below both the 34 and 89 EMAs, this is a favorable time for sellers.
EURUSD's decline continues, in large part due to hawkish comments from US Federal Reserve officials, which has strengthened the Dollar and become a key barrier for with any EURUSD recovery. According to careful analysis, the support level at 1,060 may soon be penetrated due to strong selling pressure. With price currently moving below both the 34 and 89 EMAs, this is a favorable time for sellers.
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