Short

EUR/USD Faces Resistance, Bearish Momentum Targets Demand Zone

EURUSD

The price is currently below the resistance zone near 1.0915, which has acted as a pivot in recent movements. The pair remains in a downtrend, with previous highs indicating a double-top formation.
If the price fails to break above 1.0915, the downtrend is likely to continue, with potential support around 1.0680.
The demand zone around 1.0680 and the ascending trendline may provide strong support, potentially leading to a rebound.

Accurate Direction:
Bearish: As long as the price remains below 1.0915, the direction favors a continuation towards lower support levels.
Bullish: A break above 1.0915 and sustained stability could signal a shift to bullish momentum, but this remains less likely in the current trend.
For now, the bias remains bearish, targeting the demand zone around 1.0680.

Key levels:
Pivot line: 1.0885
Support Lines: 1.0793, 1.0680, 1.0616
Resistance Lines: 1.0995, 1.1082, 1.1141

Trend Outlook:
Bearish while under 1.0915
Bullish By stability above 1.0915

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