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Back Fundamental analysis
EUR/USD Review on November 4: Key Market Developments
As expected, the EUR/USD currency pair
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As expected, the EUR/USD currency pair traded calmly on Tuesday, remaining within the same sideways channel in which it has spent the past several weeks. This channel is clearly visible on the 4-hour timeframe. Overall, the euro remains near the bottom of the market, trading at its 18-month lows and showing no signs of an upward reversal. It has become increasingly clear that the current decline in EUR/USD is fundamentally unjustified. Although the euro and the Eurozone are facing serious
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Paolo Greco,
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