EURUSD continues to maintain a discount trend
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Hello dear friends. Currently, EUR USD has ended its trading session for the week at a halt of 1.05067. It can be observed that after several days of attempting a recovery, EURUSD is once again returning to a downward trend as the upward trend chart has been broken with a breakout at 1.0588.
With the current trend, it is likely that a further price decline will continue next week, with the current resistance level at 1.0541 and support level at 1.0500. My target will be a price reduction to 1.045.
If you find this information helpful and useful, please leave a like and a comment for Karina! I am delighted to receive contributions from you.
With the current trend, it is likely that a further price decline will continue next week, with the current resistance level at 1.0541 and support level at 1.0500. My target will be a price reduction to 1.045.
If you find this information helpful and useful, please leave a like and a comment for Karina! I am delighted to receive contributions from you.
Nota
Long-term bond yields continued to rise after the September meeting. The Bund was up by nearly 40bp until early October, driven by a combination of a supply/demand mismatch, inflation concerns and fears of ‘higher-for-longer’.
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