The EUR/USD pair is strongly bearish as the DXY rallied. The lower median line (LML) stands as a potential target. After its massive drop, a rebound could be natural. The EUR/USD price tumbled today, posting lows around 1.0537, far below 1.0683 today’s high. The Dollar Index’s rebound forced the USD to take the lead and … Continued
The post EUR/USD Price Under Bearish Pressure as New Year Starts appeared first on Forex Crunch.
Read Full Story
Latest posts by Forex Crunch (see all)
- USD/CAD Weekly Forecast: Slowing US Economy Dents Dollar - April 27, 2024
- USD/JPY Price Analysis: BoJ’s Inaction Weakens Yen - April 26, 2024
- GBP/USD Outlook: Dollar Slides on Disappointing GDP Figures - April 26, 2024