JinDao_Tai

EUR/USD Outlook (6 April 2022)

Short
FX:EURUSD   Euro / U.S. Dollar
Major direction of the EUR/USD is in a down trend. The EUR/USD has continued this downward move after resisting the 1.10 zone

Currently, EUR/USD is moving moving lower towards 1.0850, following fresh sanctions on Russia and no positive developments in peace talks between Russia and Ukraine

Bias for the EUR/USD is still to sell down, especially if price breaks the support level of 1.0850. Next support level is 1.07

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