DXY: For DXY, the potential direction is bearish, aligning with the overall momentum of the chart. There’s a likelihood of a bearish continuation towards the 1st support level. The pivot at 103.44 acts as a significant overlap resistance, indicating a potential barrier where selling pressure may intensify. On the support side, the 1st support at […]
The EUR/USD pair dropped to 1.0778 on Thursday, staging a modest correction but remaining under pressure amid deteriorating market sentiment. Key drivers weighing on EUR/USD The latest sell-off is driven by heightened trade war fears. On Wednesday, US President Donald Trump announced a 25% tariff on all imported cars and light trucks, set to take […]
The post EUR/USD Faces Further Decline Amid Market Jitters and Trump’s Tariff Threat appeared first on Action Forex.
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