EURUSD’s Decline Pauses, Testing Key LevelsEURUSD has temporarily halted its heavy downward momentum as Thursday’s session begins, stabilizing around 1.073 and confirming a new low.
Currently, a recovery is underway to adjust the trend and test the EMA 34 and 89 lines, aligning with the Fibonacci levels at 0.5 - 0.618.
Despite this pullback, strong selling pressure remains due to the USD gaining an advantage as it regains its footing in the market.
Considering these technical factors, I still favor a sell strategy. What about you?