EURUSD - in strong downtrend
EURUSD - May 31, 2024
Today EURUSD stays in a downtrend, yesterday`s restoration turned into short-lived and the pair remains on course to attain 1.0800 once more withinside the early buying and selling hours of the month. weekend session.
Accordingly, the outlook remains favorable for dealers while EURUSD remains beneath many vital resistance stages and regularly lowering in step with the energetic Trendine line.
In addition, with the growing probability that the ECB will lessen hobby fees earlier than the Fed, the opportunity of the EUR/USD trade price persevering with to weaken wishes to be taken into consideration withinside the medium term.
Today EURUSD stays in a downtrend, yesterday`s restoration turned into short-lived and the pair remains on course to attain 1.0800 once more withinside the early buying and selling hours of the month. weekend session.
Accordingly, the outlook remains favorable for dealers while EURUSD remains beneath many vital resistance stages and regularly lowering in step with the energetic Trendine line.
In addition, with the growing probability that the ECB will lessen hobby fees earlier than the Fed, the opportunity of the EUR/USD trade price persevering with to weaken wishes to be taken into consideration withinside the medium term.
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