EUR/USD Under Pressure: Will the Downtrend Persist?
Hello everyone! What do you think about buying or selling EUR/USD today? Let's explore this question together and gain deeper insights!
Currently, EUR/USD continues its downward trend for the third consecutive session, trading near 1.0310 during the Asian session on Monday. The pair is under pressure as investors anticipate a widening interest rate differential between the U.S. and the Eurozone.
On the 1-hour chart, the bearish trend remains intact, with prices reacting to the EMA 34 and 89, signaling further downside potential. Additionally, a previous large gap remains unfilled, while a recent smaller gap is fueling a slight corrective move within the broader downtrend. Given this setup, the most logical move for EUR/USD would be to decline, with resistance holding around the 1.0339 level.
What are your thoughts on EUR/USD’s next move?
Currently, EUR/USD continues its downward trend for the third consecutive session, trading near 1.0310 during the Asian session on Monday. The pair is under pressure as investors anticipate a widening interest rate differential between the U.S. and the Eurozone.
On the 1-hour chart, the bearish trend remains intact, with prices reacting to the EMA 34 and 89, signaling further downside potential. Additionally, a previous large gap remains unfilled, while a recent smaller gap is fueling a slight corrective move within the broader downtrend. Given this setup, the most logical move for EUR/USD would be to decline, with resistance holding around the 1.0339 level.
What are your thoughts on EUR/USD’s next move?
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Join our community group to receive support for short Scalping orders and the latest trading strategies!
✅ Trading knowledge
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Join the Tele group: t.me/+xT2uUeadoeo1YTRl
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Join the Tele group: t.me/+xT2uUeadoeo1YTRl
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