EURUSD has shifted into a bearish structure, primarily pressured by a resilient U.S. economy and a struggling Eurozone outlook. The pair has recently rejected from the key resistance level at 1.17500, indicating strong selling pressure.
Technically, the pair is forming multiple bearish formations, suggesting a continuation of the downside momentum. As long as price remains below the 1.17500 resistance zone, we may see further downside targets activated, potentially toward: 1.15000
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Technically, the pair is forming multiple bearish formations, suggesting a continuation of the downside momentum. As long as price remains below the 1.17500 resistance zone, we may see further downside targets activated, potentially toward: 1.15000
Traders like the chart and share your thoughts about EURUSD Forecast.
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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.