EUR/USD: Bearish Trend Holds as Key Resistance Approaches
EUR/USD remains under selling pressure after breaking out of its previous range, shifting momentum in favor of the bears and reinforcing the ongoing downtrend.
Currently, the pair is attempting a recovery, approaching the 1.0453 - 1.0458 zone, a former support now acting as a key resistance. A rejection at this level could extend the decline toward 1.0363, the next major support area.
Despite the short-term pullback, market structure still favors further downside. The weaker-than-expected ISM Manufacturing PMI has added volatility to the U.S. dollar, but it hasn’t altered overall sentiment. The upcoming NFP report on Friday and the Eurozone flash CPI estimate will be crucial in determining the next directional move.
If 1.0458 holds as resistance, the bearish outlook is likely to persist.
Currently, the pair is attempting a recovery, approaching the 1.0453 - 1.0458 zone, a former support now acting as a key resistance. A rejection at this level could extend the decline toward 1.0363, the next major support area.
Despite the short-term pullback, market structure still favors further downside. The weaker-than-expected ISM Manufacturing PMI has added volatility to the U.S. dollar, but it hasn’t altered overall sentiment. The upcoming NFP report on Friday and the Eurozone flash CPI estimate will be crucial in determining the next directional move.
If 1.0458 holds as resistance, the bearish outlook is likely to persist.
Transaction en cours
✅You can get 5 - 7 gold signals - Forex every day
✅ Trading knowledge and answers to questions 24/7
✅Completely free.
👉Join by clicking the following link:
t.me/+QXTdazFwCRg5MGNl
✅ Trading knowledge and answers to questions 24/7
✅Completely free.
👉Join by clicking the following link:
t.me/+QXTdazFwCRg5MGNl
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
✅You can get 5 - 7 gold signals - Forex every day
✅ Trading knowledge and answers to questions 24/7
✅Completely free.
👉Join by clicking the following link:
t.me/+QXTdazFwCRg5MGNl
✅ Trading knowledge and answers to questions 24/7
✅Completely free.
👉Join by clicking the following link:
t.me/+QXTdazFwCRg5MGNl
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.