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Bears Reign: Is the EUR/USD Downtrend Here to Stay?
Read Time: 3 minutes The EUR/USD currency pair is under significant bearish pressure, struggling to break above the 1.0900 resistance level. Technical analysis indicates potential declines towards 1.0720, with immediate support near 1.0780. Traders are advised to adopt cautious strategies amid prevailing market uncertainties.
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Bears on the Prowl: EUR/USD’s Downward Spiral
Read Time: 3 minutes EUR/USD is struggling to break above the 1.0900 resistance level, with bears dominating the market. Technical analysis shows immediate support at 1.0780 and potential declines towards 1.0720. The bearish trend persists, with traders cautious about upward movements while monitoring key support and resistance levels.
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Working with ForExim has been an absolute game-changer for our import-export business. Their expertise in forex advisory services is unmatched, and their personalized approach truly sets them apart. Thanks to their insightful guidance, we’ve been able to navigate the volatile currency market with confidence, minimizing risks and maximizing profits. Their team’s dedication, professionalism, and commitment to our success are truly commendable. I wholeheartedly recommend ForExim to any exporter or importer looking for reliable forex advisory services.”
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RBI & FEMA expert, with over 4 decades in RBI in various divisions.
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