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Sunday, October 13, 2024

EURUSD : The trend of discounts still owns.

EURUSD : The trend of discounts still owns.

Euro / US Dollar CAPITALCOM:EURUSD

The EUR/USD pair continues its downward trend for the fourth consecutive session, hovering around 1.0920 during Monday’s trading. The Euro remains under pressure as the European Central Bank (ECB) gears up for its monetary policy decision this Thursday.

From a technical perspective, short-term trends suggest that sellers should consider locking in profits, as the bullish trendline has been broken. The pair now targets the 1.0900 level, which could act as a key support if the selling pressure continues.



source https://www.tradingview.com/chart/EURUSD/kItpq2Wh-EURUSD-The-trend-of-discounts-still-owns/

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