3 min readEURO VS DOLLAR (EUR/USD):
The Euro-Dollar pair experienced significant volatility throughout election week. It’s currently trading just below 1.0800 and appears to be searching for support levels. The question remains: where will the Dollar Index steer currency movements in the days ahead?
Examining the technicals more closely, we can break down the recent bearish trend as follows: ideally, we would like to see some price “rebalancing” following the election, as observed yesterday, with a continued move toward lower areas of interest. If the price breaks below this structural low, I’ll be watching closely to see how it reacts around the next support level, near 1.0600.
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