EUR/USD: Situation Remains Under Dollar's Control. | 14 June 2024
14 June 2024, EUR/USD
Expectations were fully met. After a solid recovery attempt, the euro failed to hold onto its gains, allowing sellers to return the price to the starting point of the recent upward movement.
However, the buyers' troubles seem far from over. The price still has some potential to decline further. Before that, there might be an attempt to stabilize at the current price levels. Therefore, it is not recommended to rush into any trading decisions.
It is advisable to wait for the price to rise slightly and then look for opportunities to enter sell positions.
Investment Idea: Flat.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
