3 min readEURO VS DOLLAR (EUR/USD):
The EUR/USD pair has also been an interesting one to trade recently. As I mentioned during last week’s live trading session, I was curious to see how price action would behave after breaking the ascending trend line. So far, there are no signs of the price slowing down.
A closer look at the technicals shows that we’ve entered this “internal” support area. However, there’s little confirmation that price action will hold here. I’ll be monitoring closely for any signs from the RSI indicator that the current price movement is slowing down. A key signal would be if the RSI starts breaching the 30% level.
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