Bearish EUR/USD, short term

28 Ara 2024

EUR/USD is showing strong bearish momentum, with consistent lower highs and lows, pointing to a continuation of the current downtrend. The price is approaching a critical support level at 1.03109, which has been tested multiple times, weakening its strength. A break below this level aligns with the broader trend and suggests a move to the next significant zone of interest, reflecting the measured progression of the previous downward swings. With sellers maintaining control and limited buyer interest during recent retracements, the pair is likely to extend its decline unless a strong reversal catalyst emerges.

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