EURUSD: The end of the week decreases or increases!
EUR/USD embarked on a tactical retreat to the 1.0840 battlefield in the early hours of Friday's Asian session, a maneuver driven by the US Dollar's show of strength and the ascent of US Treasury bond yields. The anticipation is electric as traders set their sights on Germany's IFO Business Climate Index, all while awaiting the strategic revelations from Federal Reserve Chairman Powell.
From the vantage point of technical analysis: The currency pair has unfurled a new peak, signaling a descent into bearish territory. It seems EURUSD is gearing up for a strategic withdrawal, potentially recalibrating its positions to the 1.081 - 1.080 zone as the week's campaign draws to a close!
From the vantage point of technical analysis: The currency pair has unfurled a new peak, signaling a descent into bearish territory. It seems EURUSD is gearing up for a strategic withdrawal, potentially recalibrating its positions to the 1.081 - 1.080 zone as the week's campaign draws to a close!
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