Thursday, May 9, 2024

EUR/USD rebound after the European Open

In this lesson, we learned about the short-term withdrawal of the euro/dollar eye when DXY enters the confluence zone. Let’s get started

EUR/USD price forecast:
EUR/USD rebound after the European Open
The troubles in the Chinese real estate industry may provide DXY support. If the risk deviates from market sentiment.
To learn more about price trends, chart patterns, and moving averages, Please check the Education section of Learnforexc.In terms of risk events on the economic calendar, this is a calm day, but things should improve soon tomorrow. We have obtained ZEW economic and sentiment data from the eurozone and Germany respectively, and there is no doubt that the focus will shift to Wednesday’s FOMC meeting minutes release and US retail sales data.

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