Hello all traders!
Today, I want to share my thoughts on the EURUSD currency pair, a hot topic for those who closely follow the forex market. Although EURUSD is still holding above the 1,080 support level, I see that the signal is not very positive for the future of this pair.
Looking at the long-term trend, it seems that the pair is on the decline. Additionally, the price is currently trading below both the 34 and 89 EMAs, which further reinforces my bearish view. The US Dollar (USD) is currently experiencing a slight increase, putting pressure on EUR/USD and causing it to decline accordingly.
If the market bears can take control and push the price below the current support level, I will without hesitation start selling EURUSD. My target would be the 1,070 level.
For those looking for opportunities in the forex market, it may be time to consider a short position in EURUSD, based on current signals and analysis. We need to be ready to act when the market gives us such clear signals.
Today, I want to share my thoughts on the EURUSD currency pair, a hot topic for those who closely follow the forex market. Although EURUSD is still holding above the 1,080 support level, I see that the signal is not very positive for the future of this pair.
Looking at the long-term trend, it seems that the pair is on the decline. Additionally, the price is currently trading below both the 34 and 89 EMAs, which further reinforces my bearish view. The US Dollar (USD) is currently experiencing a slight increase, putting pressure on EUR/USD and causing it to decline accordingly.
If the market bears can take control and push the price below the current support level, I will without hesitation start selling EURUSD. My target would be the 1,070 level.
For those looking for opportunities in the forex market, it may be time to consider a short position in EURUSD, based on current signals and analysis. We need to be ready to act when the market gives us such clear signals.
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