Euro / U.S. DollarShort
EUR/USD: Bears Dominate!
Updated
The EUR/USD pair remained under bearish pressure for the second consecutive session, hovering around 1.0720 during Monday’s Asian trading hours. The pair was weighed down by a stronger US dollar and political uncertainty in Germany.
As seen on the 1-hour chart, the technical outlook favors continued downside momentum, with a potential target towards support around 1.0688. A rejection of the 1.0742 resistance could confirm this bearish move, creating an opportunity for short positions.
As seen on the 1-hour chart, the technical outlook favors continued downside momentum, with a potential target towards support around 1.0688. A rejection of the 1.0742 resistance could confirm this bearish move, creating an opportunity for short positions.
Trade active
.Trade closed: target reached
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