3 min readEURO VS DOLLAR (EUR/USD):
The euro has continued to weaken against the dollar, with the Dollar Index (DXY) trading higher and exerting additional downward pressure on EUR/USD.
A closer look at the technicals shows that we are currently trading within a key support area, which serves as a critical zone of interest. As discussed in previous articles, if the price finds support in these crucial areas, it will be interesting to observe how it reacts upon rebalancing around the 50% level on the Fibonacci tool.
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