Last week, EURUSD did not receive much support as the main trend was downwards, breaking below the psychological support level of 1.090.
This common risk aversion sentiment, fueled by escalating geopolitical tensions in the Middle East, has led traders to favor the US Dollar (USD), putting downward pressure on the EUR/USD pair and trading at a low around 1.083 today.
In the coming week, there will be several important news releases, particularly the US Housing Price Index and Consumer Confidence figures, which will provide more detailed information about the market. This careful consideration is expected to be reinforced after the upcoming statement from the Federal Open Market Committee (FOMC) on Wednesday.
This common risk aversion sentiment, fueled by escalating geopolitical tensions in the Middle East, has led traders to favor the US Dollar (USD), putting downward pressure on the EUR/USD pair and trading at a low around 1.083 today.
In the coming week, there will be several important news releases, particularly the US Housing Price Index and Consumer Confidence figures, which will provide more detailed information about the market. This careful consideration is expected to be reinforced after the upcoming statement from the Federal Open Market Committee (FOMC) on Wednesday.
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