Based on the current selling momentum, EUR/USD is expected to retrace higher toward the 1.1264 region, which may act as a short-term resistance. If the price fails to break above this level, a renewed bearish move is likely to follow, targeting the 1.1190 zone as the next potential support area. This scenario remains valid as long as price action stays below 1.1264 on a closing basis.
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Disclaimer
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.