Based on the current chart and signals, EUR/USD is showing signs of weakening after touching the resistance area in the area of 1,11896. The chart shows that two EUR/USD has touched the red resistance and reversed, creating a sharp decrease signal. Currently, the trend is going down with support in the area 1,10815.
Factors that affect the trend: -The decision of Fed's interest rate policy: If the Fed continues to maintain a tough policy or signal the ability to raise interest rates, the dollar will strengthen, putting pressure on EUR/USD. -The signal from ECB: If the European Central Bank (ECB) does not offer a new stimulating measure or keeping the interest rate, the EUR can lose extra value.
Trend forecast: Based on price action and technical analysis, EUR/USD is capable of continuing to adjust. The current main trend is to decrease, with a short -term goal towards the support area below 1,10200, then the accumulation of further accumulation before the move is clearer.
Transaction area to pay attention: Resistance zone: 1,11896 and 1,11400 - 1,11500. Support area: 1,10800 - 1,10200. Conclusion: Today's trend is decreasing, with a reasonable input point in the resistance areas and profit -closing targets at the mentioned support area.
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