EURUSD: The continuation trend
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Today, with the stronger US dollar, the EUR/USD pair has been pushed down from its weekly high of 1.0630 to 1.0520. Economic data from the US reflects continued support for the greenback, combined with higher interest rates, putting downward pressure on this currency pair.
For these reasons, gold sellers will continue to push the price of gold down, currently trading at 1.0528 with an expected decrease to 1.0489.
For these reasons, gold sellers will continue to push the price of gold down, currently trading at 1.0528 with an expected decrease to 1.0489.
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