Dear friends, Currently, EURUSD is experiencing a long-term downward trend, with considerations regarding monetary policies for both the Fed and ECB potentially being of secondary importance. The risk for EUR/USD will continue to decrease if conflicts escalate or intensify.
Due to this reason, the selling position will continue to develop, with an expected further decrease at support levels of 1.0497 and 1.0454. What are your thoughts on EURUSD?
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EUR/USD's volatility from above 1.05 on the day suggests the pair still has some recovery to do but bargain hunters may remain active as prices fall.