$EURUSD Downside Path Still Valid
Enter your emailcurrency pair attempted to rebound to the upside.
Commenting on the performance of the euro-dollar Tim Riddell, macroeconomic analyst at Westpac based in London, said, “EUR/USD will remain weak, but support has picked up to the 1.1000-50 region.” USD from closing above 1.1175-90, the odds of a higher trading range will increase and increase the likelihood of retracements towards 1.1475-1.1500.”
So far, forex analysts are still warning that there is still a risk of the EUR/USD falling to a multi-year low near 1.08 over the coming months, although they also reiterated their expectation of the single currency recovering to 1.14 by the end of the day. general.
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