The EURUSD pair has reversed after a slight correction and the short-term trend of the Euro against the US Dollar is down. With the definitive defeat of Fibonacci 61.8% at 1,0758, the 100% estimate at 1,0495 will be the next target of the market.
From the buyers’ point of view, breaking the 1,022 resistance is necessary to form a short-term price floor. Otherwise, the technical outlook for the euro will remain bearish.
Financial markets may not be suitable for all investors, as loss of all invested capital may occur. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved and consider your investment objectives and level of experience. Seek independent advice, if necessary.
Climax Prime LTD does not issue advice, recommendations, or opinions in relation to acquiring, holding. Climax Prime LTD is not a financial advisor and all services are provided on an execution-only basis. This communication is not an offer or solicitation to enter into a transaction and shall not be construed as such.
This website is not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation.
By using Climax Prime LTD you agree to use our cookies to enhance your experience.
*Restricted Regions: Climax Prime Limited does not provide services for the residents of certain countries, such as the USA, UAE, Turkey, Israel.