EURUSD continues its downward movement for the second consecutive session, this time falling to the 1.0820 region amid a rebound in the U.S. dollar and a further decline in German bond yields.
The correction phase is underway, with EURUSD remaining capped below a parallel channel, which now acts as a key resistance barrier. Bears are expected to maintain control in the short term, as bearish signals persist—especially with the 34 and 89 EMAs converging around a well-defined resistance zone (marked in blue).
The key focus is on the 1.0820 support level—a decisive break below this threshold could serve as a launchpad for sellers to push EURUSD towards lower levels in the coming sessions.
The correction phase is underway, with EURUSD remaining capped below a parallel channel, which now acts as a key resistance barrier. Bears are expected to maintain control in the short term, as bearish signals persist—especially with the 34 and 89 EMAs converging around a well-defined resistance zone (marked in blue).
The key focus is on the 1.0820 support level—a decisive break below this threshold could serve as a launchpad for sellers to push EURUSD towards lower levels in the coming sessions.
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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.