Hello dear friends, Currently, EURUSD is trading at 1.0763, continuing its short-term downward trend and losing 0.2% for the day.
Currently, the US Dollar remains strong as Fed Chairman Jerome Powell delays the timing of interest rate cuts amid escalating geopolitical tensions in the Middle East.
Amidst this, geopolitical tensions continue to escalate in the Middle East, and the USD could gain further strength if risk sentiment continues to deteriorate after the opening bell on Wall Street.
The "buy on dips" trading strategy for EURUSD still remains valid as long as the significant static support level of 1.0700 is maintained, signaling a breakout from the current downtrend channel.
What do you think? Good luck with your trading!
Currently, the US Dollar remains strong as Fed Chairman Jerome Powell delays the timing of interest rate cuts amid escalating geopolitical tensions in the Middle East.
Amidst this, geopolitical tensions continue to escalate in the Middle East, and the USD could gain further strength if risk sentiment continues to deteriorate after the opening bell on Wall Street.
The "buy on dips" trading strategy for EURUSD still remains valid as long as the significant static support level of 1.0700 is maintained, signaling a breakout from the current downtrend channel.
What do you think? Good luck with your trading!
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