The EUR/USD chart shows a downtrend. Price is rejecting a resistance zone around 1.05 and may drop towards the 1.00 support zone. If resistance holds, the market is likely to move lower. A break above 1.05 could signal a reversal, but for now, the trend remains bearish.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.