3 min readEURO VS DOLLAR (EUR/USD):
Over the past week, EUR/USD has experienced a short-term upward correction, with the price climbing above 1.02900 for the first time this year.
A closer look at the technicals reveals that we are still trading within this midrange, but below the 50% level of the Fibonacci tool. This suggests that the price has rebalanced; however, given the size of this range, I anticipate the price might push lower before potentially resuming an upward move. On the RSI indicator, there are signs that the price may be “oversold,” so I’ll be watching this level closely for potential short-term pullbacks to the upside.
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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.
