3 min readEURO VS DOLLAR (EUR/USD):
The Euro appeared to show some short-term strength against the Dollar, briefly trading above the 1.0600 level before resuming its downward movement shortly thereafter.
A closer examination of the technicals reveals that the price came remarkably close to the 50% Fibonacci level, which would have achieved an ideal price rebalancing. I will be monitoring closely to see if higher price rebounds are still possible before any further downward movement. The RSI indicator currently shows no signs of the price being either overbought or oversold.
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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.
