Yesterday, the US Commerce Department released January durable goods data, which showed a significant decline, causing concerns about the US economy and triggering a drop in the US dollar index. Today, the US dollar index is expected to return to a slow upward trend, so it may be appropriate to buy at a low level. Correspondingly, for the EUR/USD currency pair, it may be advisable to sell on rallies today. Based on the market situation, the following suggestions are given for reference:
Sell at the range of 1.0610-1.0620, with a stop loss of 20 points and targets at 1.0590, 1.0570, and 1.0550.
DXY
EURUSD
EURUSD
EURUSD
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