Analysis and forecast of the EUR/USD pair
current situation:
* The EUR/USD pair is currently trading at 1.07998.
* The pair's trend tends to be downward in the short term, with weak momentum in the downward waves.
* Downside wave volumes decreased as volumes increased in cheap areas, showing buyers' interest in these prices.
*SnR levels represent the most important areas from which the price may bounce.
* The price is currently inside cheap demand zones or bottoms, which indicates the presence of interested buyers at these prices.
Expectations:
* The pair is expected to continue declining in the short term, to test the price of 1.06669.
* The pair may head to the upside in the near term, surpassing the 1.0800 barrier.
Influencing factors:
* European Central Bank (ECB) policy
* Federal Reserve Policy (Fed)
* European and American economic data
* Geopolitical risks
Trading Tips:
* Follow an appropriate trading strategy.
* Do your own analysis before entering into any trade.
* Manage risks effectively.
* Be patient, and do not rush to make decisions.
note:
*These are just expectations and cannot be guaranteed.