EUR/USD Analysis: Bearish Momentum Resumes
Actualizado
The EUR/USD pair is trading around 1.0478, continuing its downward trend within a defined descending channel. Recent attempts to break above the resistance zone of 1.0498-1.0500 were unsuccessful, highlighting the dominance of bearish sentiment.
The pair is now testing key support levels near 1.0470. A decisive break below this level could accelerate the decline toward the 1.0380 target. On the upside, any retracement toward the resistance zone near 1.0530 is likely to attract selling pressure.
Market participants should watch for catalysts such as U.S. economic data and ECB statements for further clarity. The overall trend remains bearish, suggesting sell opportunities on rallies.
The pair is now testing key support levels near 1.0470. A decisive break below this level could accelerate the decline toward the 1.0380 target. On the upside, any retracement toward the resistance zone near 1.0530 is likely to attract selling pressure.
Market participants should watch for catalysts such as U.S. economic data and ECB statements for further clarity. The overall trend remains bearish, suggesting sell opportunities on rallies.
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