3 min readEURO VS DOLLAR (EUR/USD):
The EURO versus DOLLAR pair has been active in recent weeks and continues its downward trend into the new year. Currently, EUR/USD is trading just above the 1.03000 level.
On the weekly timeframe, it’s evident that the price has broken through the internal support level, which had been attempting to hold at around 1.05000. I am now observing how the price responds to this rebalancing zone identified using the Fibonacci tool. If the downward momentum continues and the price drops further, my focus will shift to lower support levels, particularly the extreme level near 0.97000.
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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.
