The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The EUR/USD pair remains below the key resistance level of 1.1499, supporting a continued downward trend. A break of the 1.1323 support level could target the 100% projection at 1.1175. The pair has stayed in consolidation above 1.1323 with the overall outlook remaining bearish. Further decline is expected as long as the 1.1499 resistance level remains intact.