2024-11-15 22:06
IndustryEUR/USD will fall, momentum will slow down
The EUR/USD fell below 1.0500 at a somewhat unexpected speed. We can see from the price action that the EUR/USD may have further to fall, but caution is needed given the severity of oversold conditions. The next support is near last year's low of 1.0450. On the upside, resistance moved down from 1.0670 to 1.0610.
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EUR/USD will fall, momentum will slow down
Hong Kong | 2024-11-15 22:06The EUR/USD fell below 1.0500 at a somewhat unexpected speed. We can see from the price action that the EUR/USD may have further to fall, but caution is needed given the severity of oversold conditions. The next support is near last year's low of 1.0450. On the upside, resistance moved down from 1.0670 to 1.0610.
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