EURUSD is currently exhibiting a downtrend in the early trading hours of Tuesday. The price is hovering around 1.076, and the outlook for today seems to be favoring the bears as the recovery appears capped by three significant peaks identified on the chart.
With US liquidity returning to normal today, I expect this currency pair to face further downward pressure, aiming for take-profit levels at 1.0763 and possibly lower at 1.0726. What's your view on this?
With US liquidity returning to normal today, I expect this currency pair to face further downward pressure, aiming for take-profit levels at 1.0763 and possibly lower at 1.0726. What's your view on this?
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