EUR/USD: Bearish Outlook Awaits Breakout
Hello everyone, EUR/USD continues to maintain its bearish stance today, hovering around the 1.0350 area during Thursday’s trading hours.
The pair has found some footing amid a sharp decline in the US dollar, but its upward momentum remains limited by the bearish trend confined within a wedge pattern and a descending trendline. The major outlook still leans heavily toward the bears, with anticipation of a potential bearish breakout targeting the support level highlighted on the 4-hour chart.
The pair has found some footing amid a sharp decline in the US dollar, but its upward momentum remains limited by the bearish trend confined within a wedge pattern and a descending trendline. The major outlook still leans heavily toward the bears, with anticipation of a potential bearish breakout targeting the support level highlighted on the 4-hour chart.
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