Trade $EURUSD today using our Forex signal
I wrote in my previous forecast on Tuesday last week that the price had descended to the pivotal point of the support level confluent with the round number at $1.1400. I thought the price would either break down or bounce giving an opportunity for a trade in either direction, with a long trade having the most potential. This was a great call as $1.1400 held that day, giving a profitable long trade entry.
This increasing crisis in recent days saw the US dollar gain and push the price down while in its absence, I think the price would have continued rising. currency in Forex. The bottom line is that the continuing crisis can push the price up or down and override any technical factors, making trading potentially very profitable but also somewhat dangerous.
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