EUR/USD Plummets to New Lows: What’s Next for Traders?
The EUR/USD currency pair faces a challenging downward trend as it slides to yearly lows near 1.0450. Trading during Asian hours shows continued pressure with the pair hovering around 1.0470. This decline marks the third consecutive session of losses, falling to a low of 1.0462, the lowest point since October 2023. Currency analysts suggest that market participants should prepare for potential fluctuations as they await upcoming economic indicators like PMIs from both the Eurozone and the United States. Staying informed will help traders navigate these turbulent waters effectively.
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