EUR/USD: Bearish Trend Expected to Persist Below Key of 1.1082
EUR/USD: Bearish Trend Expected to Persist Below Key Level of 1.1082
The EUR/USD currency pair is currently exhibiting a bearish trend. As long as the price remains below 1.10820, the downward momentum is likely to continue, potentially targeting the 1.10050 level, followed by 1.0979. Conversely, if the price stabilizes above 1.10820, this could signal a shift towards a bullish trend, with potential upward movement toward 1.1141 and, beyond that, to 1.1189.
Key Levels:
Pivot Point: 1.1082
Resistance Levels: 1.1141, 1.1190, 1.1257
Support Levels: 1.1005, 1.0970, 1.0915
Expected Trading Range for Today:
1.10830 to 1.10050
Current Trend:
Bearish, as long as the price remains below 1.1083.
The EUR/USD currency pair is currently exhibiting a bearish trend. As long as the price remains below 1.10820, the downward momentum is likely to continue, potentially targeting the 1.10050 level, followed by 1.0979. Conversely, if the price stabilizes above 1.10820, this could signal a shift towards a bullish trend, with potential upward movement toward 1.1141 and, beyond that, to 1.1189.
Key Levels:
Pivot Point: 1.1082
Resistance Levels: 1.1141, 1.1190, 1.1257
Support Levels: 1.1005, 1.0970, 1.0915
Expected Trading Range for Today:
1.10830 to 1.10050
Current Trend:
Bearish, as long as the price remains below 1.1083.
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