EURUSD: How volatile is the beginning of the new week?

13 Kas 2023

Dear friends, Currently, EURUSD continues to operate within a consolidation range with little change or signs of a new trend. The current price is trading around the 1.068 area, and this week it is expected to prioritize a downward movement with a long-term selling strategy as the USD strengthens, acting as a major resistance for this currency pair.

If EUR/USD remains unstable below the 1.0680 level, a valid scenario for price decline can occur, with potential targets at 1.060 and resistance level at 1.075.

13 Kas 2023

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