Hello, it's great to see you all again for today's discussion on EURUSD!
Currently, in the early trading hours of Thursday, the EURUSD currency pair continues its downward trend, with the trading level at the time of writing being 1.081. The strengthening of the US dollar has sparked new selling pressure on EUR/USD, pushing it down to its lowest level in the weekly range near the psychological area of 1.0800.
The selling side seems to be showing a clear determination to push this currency pair down towards the testing area at 1.073, which is the final support level according to the Fibonacci measurement.
Currently, in the early trading hours of Thursday, the EURUSD currency pair continues its downward trend, with the trading level at the time of writing being 1.081. The strengthening of the US dollar has sparked new selling pressure on EUR/USD, pushing it down to its lowest level in the weekly range near the psychological area of 1.0800.
The selling side seems to be showing a clear determination to push this currency pair down towards the testing area at 1.073, which is the final support level according to the Fibonacci measurement.
