Abstract:EUR/USD faces increasing selling pressure and returns to the sub-1.0700 region afer hitting new highs near 1.0750 at the beginning of the week.
- EUR/USD comes under pressure following Mondays tops.
- Further decline could revisit the 1.0650 zone in the near term.
EUR/USD faces increasing selling pressure and returns to the sub-1.0700 region afer hitting new highs near 1.0750 at the beginning of the week.
In case the downward bias picks up extra pace, the pair could extend the pullback to the 55-day SMA near 1.0650, which is expected to provide temporary contention.
In the meantime, while below the 200-day SMA at 1.0804, the pairs outlook should remain negative.
EUR/USD daily chart
In forex trading, understanding and managing risk is paramount to success. One powerful tool that traders have is the "stop loss order."
One-third of Lagosians' salary is spent on food, according to another survey. Analysts claim that rising fuel and diesel prices are a major cause of inflation. Since 2015, government investment and consumption have fueled economic development.
According to Africa Norwegian Seafood Council Director Trond Kostweit, the delisting would help Nigeria's stockfish industry.
In this article, we'll look in-depth at STARTRADER, examining its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service.