The EUR/USD pair broke below a key support zone following a stronger-than-expected U.S. Non-Farm Payrolls report on June 6. The Euro is currently attempting to recover from a sharp multi-month decline, though gains remain capped by critical resistance zones. As of June 14, the pair is rebounding after hitting the lower bounds of a downtrend that originated in April.
The EUR/USD pair is undergoing a technical rebound after hitting the lower bounds of its April downtrend, testing former support zones now acting as resistance.
Read the full storyThe EUR/USD pair is attempting a technical recovery after a multi-month sell-off, but remains capped by critical resistance zones that sustain the broader bearish trend.
The EUR/USD pair fell below critical technical levels after a stronger-than-expected Non-Farm Payrolls report fueled bets on prolonged higher U.S. interest rates.