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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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.
