EURUSD
Technical Analysis
EURUSD have big potential to sell around 1.09294-1.09600 This particular area have big resistance or rejection from the previous level higher time frame, it means lots of buyers took profit and sellers decided to involve in. Based on volume indicator the momentum for buyer is weakening. Target price at 1.08435
Fundamental Analysis
The euro is trading at 1.0854 US dollars. This is a decrease of 0.93% from yesterday's close of 1.0952 US dollars. The euro has been on a downward trend in recent months, due to a number of factors, including the ongoing war in Ukraine, the widening of the monetary policy gap between the European Central Bank (ECB) and the Federal Reserve, and concerns about the Eurozone economy.
DISCLAIMER:The information on this analysis is based on research and experience, and it is not guaranteed to be accurate or complete