Euro / U.S. DollarUpdated Update the latest EURUSD strategy today!
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At the beginning of the new week,EURUSD has recovered from its lows but remains in the red, hovering around the 1.0300 mark on Monday morning. This comes under pressure from a stronger U.S. dollar amidst former President Trump's threat of imposing new tariffs. The bearish trend continues to dominate during this period, particularly in the short term, as reflected clearly on the charts.
This currency pair is currently capped and guided below the EMA 34 and 89 lines. Additionally, the downward trendline remains unbroken. If the recovery continues as a corrective move, we should focus and pay attention to the 0.5-0.618 Fibonacci zone to look for short entry points. This is a region where selling pressure is likely to increase as investors are targeting it.
From my personal perspective, I believe a selling strategy would be appropriate during this phase. What about you? What do you think?
At the beginning of the new week,
EURUSD has recovered from its lows but remains in the red, hovering around the 1.0300 mark on Monday morning. This comes under pressure from a stronger U.S. dollar amidst former President Trump's threat of imposing new tariffs. The bearish trend continues to dominate during this period, particularly in the short term, as reflected clearly on the charts.This currency pair is currently capped and guided below the EMA 34 and 89 lines. Additionally, the downward trendline remains unbroken. If the recovery continues as a corrective move, we should focus and pay attention to the 0.5-0.618 Fibonacci zone to look for short entry points. This is a region where selling pressure is likely to increase as investors are targeting it.
From my personal perspective, I believe a selling strategy would be appropriate during this phase. What about you? What do you think?
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