FFaker

Catch up with EUR's recovery

FFaker Updated   
OANDA:EURUSD   Euro / U.S. Dollar
Entry SELL 1.09900

The EUR/USD exchange rate has increased for the second consecutive day, surpassing the 1.0900 level. The trend remains upward as the price holds steady. The trend continues to favor an upward movement due to the vulnerability of the US dollar.

Currently, market expectations are that the Federal Reserve has completed its interest rate hike, which continues to weigh on the US dollar. Additionally, it is being driven by the increase in stock prices on Wall Street. The US Dollar Index (DXY) dropped by 0.35% to 103.45, the lowest level since August. The greenback is still seeking support.

As long as the risk appetite remains strong, the EUR/USD pair has the potential to further increase. However, considering the superior performance of the US economy compared to the Eurozone region, fundamental factors still support the US dollar.
Trade active:
waiting hit entry my friend
Comment:
Trade closed: target reached
Trade active
Comment:
Sell EURUSD now. 1.10000

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