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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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.
