2024-12-18 18:04
IndustryEUR/USD: The downside may continue
Not surprisingly, EUR/USD continued its downward trend and consolidated. For now, as EMA50 continues to put downward pressure on prices, I still think EUR/USD will continue to fall in the near term. My first bearish target is 1.0475. If it breaks below, it may fall further to 1.0400. Overall, EUR/USD has the potential to continue falling as long as the price stays below 1.0563.
Today I expect EUR/USD to trade between 1.0430 and 1.0570.
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EUR/USD: The downside may continue
Hong Kong | 2024-12-18 18:04
Not surprisingly, EUR/USD continued its downward trend and consolidated. For now, as EMA50 continues to put downward pressure on prices, I still think EUR/USD will continue to fall in the near term. My first bearish target is 1.0475. If it breaks below, it may fall further to 1.0400. Overall, EUR/USD has the potential to continue falling as long as the price stays below 1.0563.
Today I expect EUR/USD to trade between 1.0430 and 1.0570.
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