eurusd

19 Mei 2023

The dollar is gaining ground against the euro, following the speech of President Joe Biden. In short, the president said "EVERYTHING WILL BE FINE," and the American market, which was previously declining, has turned into an upward trend. However, there are suspicions that the market has not yet reached its low prices, and a seller is still expected. Once the seller is ready, the markets are likely to go down again, possibly at an accelerated pace. At the moment, the American currency appears stronger than the Eurozone currency. On the chart, I have marked areas where this asset may reach. Each of these zones could indicate a potential reversal, so it will be important to monitor the asset when approaching these zones.