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03.01.202311:40 Forex Analysis & Reviews: Euro dips after the New Year

Exchange Rates 03.01.2023 analysis

EUR/USD

Exchange Rates 03.01.2023 analysis

Dollar index, daily chart.

Euro's growth was weak and unstable so it was not surprising that it fell to 1.0545 as soon as the European trading session started.

However, this does not mean that market players should immediately buy the pair as it could still fall to 1.0300-1.0250.

Unfortunately, euro did not try to rise before it fell so there was no good point to start selling.

The reason why euro fell is the weaker EU economy and lower yields than in the US.

Look for selling points if the euro turns sharply upwards.

*Phân tích thị trường được đăng tải ở đây có nghĩa là để gia tăng nhận thức của bạn, nhưng không đưa ra các chỉ dẫn để thực hiện một giao dịch.

Jozef Kovach,
Analytical expert of InstaSpot
© 2007-2024
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