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.
EUR/USD enters a consolidation phase above 1.1323, with technical indicators suggesting a bearish bias remains as long as key resistance holds.
Read the full storyThe Euro holds above 1.1323 amid a bearish technical outlook, with resistance at 1.1499 capping potential recovery attempts.
The EUR/USD pair maintains a bearish bias below 1.1499, with technical indicators suggesting a potential decline toward 1.1175 if the 1.1323 support level is breached.