3 min readEURO VS DOLLAR (EUR/USD):
EUR/USD has experienced a notable short-term reversal from the external support zone near the 1.05000 level, demonstrating strong buying interest at this key area.
Examining the technicals closely, it appears the price is rebalancing into discounted levels around the 1.06000 mark. Should the upward momentum persist, it will be crucial to observe the market’s reaction to the supply zone near 1.08000, which coincides with the daily 50 EMA, offering a key area of potential resistance.
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The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money.
The Company does not accept clients from the Restricted Jurisdictions as indicated in our website/ T&C. Some services or products may not be available in your jurisdiction.
The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.
