EUR/USD finds itself in a softer position, hovering around 1.0787 amidst fresh demand for the US dollar during early Asian trading on Monday. The Fed's longer-term hawkish stance offers some backing to the greenback, placing the pair under strain.
Analyzing today's chart, the bearish trajectory seems to hold sway, endorsing a sell strategy as the pair trades below the EMA 34 and 89 lines. The immediate profit target rests at 1.076, with further downside potential if this support level is decisively breached.
Wishing you a profitable trading session!
Analyzing today's chart, the bearish trajectory seems to hold sway, endorsing a sell strategy as the pair trades below the EMA 34 and 89 lines. The immediate profit target rests at 1.076, with further downside potential if this support level is decisively breached.
Wishing you a profitable trading session!
Trade closed: target reached
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