Monday, October 07, 2024

The dollar will start to strengthen towards the end of the European session today

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EUR/USD

Support / Resistance: 0.9855 - 0.9970

On the forex market today, during the morning European session, we expect a slight strengthening of the Euro against the dollar.
Later in the European session, the dollar will begin to gain the upper hand and by the end of the day, a return to the 0.9880 levels and below is possible.
There is not a lot of important economic data today that will significantly affect trading.

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