EUR/USD has shown a clear rejection from the resistance zone near 1.10630 - 1.10943, with a strong bearish candle indicating potential downside movement. Price is currently hovering around the 1.10511 level. If bearish momentum continues, we can expect the pair to test the next support levels at 1.09676 and eventually at 1.07420. A break below 1.08788 would further confirm the bearish bias. Traders should monitor price action around these key levels and manage risk accordingly
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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.