EURUSD concluded the final session of the week with a gentle recovery, gently climbing in a corrective wave, currently pausing at the 1.065 level. Despite some recent progress, the outlook for EURUSD remains challenging:
The price continues to fluctuate below the two EMA lines, and this currency pair has missed several recovery opportunities after breaking through major support levels at 1.070 and 1.072. According to the chart analysis, the ongoing adjustment follows Dow Theory, suggesting that as long as the marked resistance levels remain unbroken, EURUSD is likely to continue its downward trend.
The price continues to fluctuate below the two EMA lines, and this currency pair has missed several recovery opportunities after breaking through major support levels at 1.070 and 1.072. According to the chart analysis, the ongoing adjustment follows Dow Theory, suggesting that as long as the marked resistance levels remain unbroken, EURUSD is likely to continue its downward trend.
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