EURUSD falls to a brand new 2024 low beneath 1.04956. The 2023 low at 1.0448 is the subsequent goal.

The EURUSD is breaking decrease, and within the course of has moved to a brand new 2024 low. The previous low from final week at 1.04956 has been damaged and now could be shut danger for short-term merchants searching for extra draw back momentum. Keep beneath is extra bearish.

The low value has reached 1.0474 thus far. The following key goal is available in at 1.0448 which was the low value from 2023 (October four). Shut danger for short-term merchants could be a transfer again above the 1.05000 degree. Extra conservative danger for sellers searching for extra draw back is perhaps a transfer above 1.05158 – 1.05316 swing space.

This text was written by Emma Wang at www.ubaidahsan.com.



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