EUR/USD Technical Outlook:
The EUR/USD pair is exhibiting signs of weak bullish momentum as long as the price remains below the 1.11430 resistance zone. Sustained trading under this level suggests that bearish pressure continues to dominate.
If the pair fails to reclaim the 1.11430 zone and stays below it, we anticipate a continuation of the downward trend, with the next key support levels located at 1.10500, followed by 1.09500 as an extended target.
Keep eye on Fundamental Levels lest we see how the price will react.
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The EUR/USD pair is exhibiting signs of weak bullish momentum as long as the price remains below the 1.11430 resistance zone. Sustained trading under this level suggests that bearish pressure continues to dominate.
If the pair fails to reclaim the 1.11430 zone and stays below it, we anticipate a continuation of the downward trend, with the next key support levels located at 1.10500, followed by 1.09500 as an extended target.
Keep eye on Fundamental Levels lest we see how the price will react.
Thanks for understanding Keep like and comments for more better insights share with you.
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Free Telegram Channel
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Related publications
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.