Hello Traders!
Today, the EUR/USD pair continues to struggle to find any significant upward momentum and remains within a narrow range below the 1.0500 level throughout the trading session. The fundamental backdrop seems to favor a bearish bias as the USD remains strong.
With the narrowing price range on the chart analysis and continued support from the EMA and RSI indicators, the downtrend is expected to continue. We anticipate a price range between 1.0572 and 1.0400 for further downward movements.
Today, the EUR/USD pair continues to struggle to find any significant upward momentum and remains within a narrow range below the 1.0500 level throughout the trading session. The fundamental backdrop seems to favor a bearish bias as the USD remains strong.
With the narrowing price range on the chart analysis and continued support from the EMA and RSI indicators, the downtrend is expected to continue. We anticipate a price range between 1.0572 and 1.0400 for further downward movements.
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