The currency pair signaled exhausted buyers after failing to stay above the median line (ml). Taking out the lower median line (LML) activates a larger drop. DXY’s further growth forces the greenback to appreciate versus its rivals. The EUR/USD price posted significant losses as the US dollar rebounded amid growing global recession worries. The greenback’s … Continued
The post EUR/USD Price to Weaken Further Below 1.027 amid Risk-off appeared first on Forex Crunch.
Read Full Story
- EUR/USD Price Testing Demand Zone amid Risk Aversion - December 8, 2022
- AUD/USD Price Analysis: AUD Bulls Welcome RBA’s 25bps Hike - December 7, 2022
- USD/JPY Outlook: BoJ to Abandon YCC in 2023 amid Inflation - December 7, 2022