The daily candle is facing rejection from the descending trendline, confirming strong bearish pressure.
The daily trend remains negative, aligning with the broader bearish sentiment on the weekly chart. For bulls to regain control, EUR/USD must break above the trendline and the 100 EMA at 1.0670.
Failure to do so could lead to further downside, especially if the 1.0300 support zone is breached.
DYOR, NFA
The daily trend remains negative, aligning with the broader bearish sentiment on the weekly chart. For bulls to regain control, EUR/USD must break above the trendline and the 100 EMA at 1.0670.
Failure to do so could lead to further downside, especially if the 1.0300 support zone is breached.
DYOR, NFA
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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.