3 min readEURO VS DOLLAR (EUR/USD):
As noted in the live trading stream and in previous articles, I highlighted this internal support area around 1.07800, where we have traded and currently appear to be experiencing a rejection for the time being.
Upon closer examination of the technicals, it is evident that bearish momentum continues to exert significant downward pressure. However, if we begin to trade higher, I will be keen to see how price action responds to various levels around the 50% mark on the Fibonacci tool. Currently, the RSI indicator appears to have rejected the 30% level, indicating that the price was oversold within those internal support levels.
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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.
