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Is it worth investing in EUR/USD

Previously, I was unsuccessful in investing in stocks. Now I'm considering moving to the currency market, specifically the EUR/USD pair. The recent rate movements look quite encouraging, but I'm still hesitant because of the risks. Perhaps some of you have experience in trading this pair and can share your advice? How do you assess the prospects for EUR/USD for the next year?

Re: Is it worth investing in EUR/USD

EUR/USD looks promising in 2024. Especially if you are ready to carefully analyze the market and follow the news. For exampl https://roboforex.com/beginners/analytics/forex-forecast/currencies/eurusd-forecast-and-prediction/ has a detailed analysis of this pair, which considers various development scenarios. As my practice shows, fluctuations in the EUR/USD rate create good trading opportunities. But remember that the market can be unpredictable, especially when important news is released. Therefore, it is important to be prepared for different scenarios and not be afraid to take risks, but do so consciously.

Re: Is it worth investing in EUR/USD

Hello everyone! I don't invest myself, but I often hear my friends discuss currency pairs, especially EUR/USD. It's interesting that even small things that take place in different countries can affect this rate. I wish good luck to those who understand this, and I hope that investors will bring you success!