EURUSD stuck in downtrend!
Hello everyone! What's your current perspective on EURUSD?
Today, this currency pair finds itself under renewed bearish siege as the US Dollar Index (DXY) enjoys a robust rally, revisiting the 103.20 zone amid investor digestion of the US's higher-than-anticipated inflation figures as measured by the CPI.
EURUSD is now hovering around the 1.0927 mark, having breached its ascending trendline. The technical landscape currently favors the bears, with the immediate aim to navigate the pair towards a lower terrain, around the 1.0872 level.
Today, this currency pair finds itself under renewed bearish siege as the US Dollar Index (DXY) enjoys a robust rally, revisiting the 103.20 zone amid investor digestion of the US's higher-than-anticipated inflation figures as measured by the CPI.
EURUSD is now hovering around the 1.0927 mark, having breached its ascending trendline. The technical landscape currently favors the bears, with the immediate aim to navigate the pair towards a lower terrain, around the 1.0872 level.
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