EUR/USD Struggles Below 1.0500 Amid USD Strength
EUR/USD remains under pressure, trading below 1.0500 during Thursday’s session. The pair is weighed down by the U.S. dollar's ongoing recovery, fueled by conflicting statements from President Donald Trump regarding tariffs. This has kept EUR/USD capped below the 1.052 resistance, marked by two previous peaks.
📉 Technical Outlook:
Short-term bullish support remains at 1.046, but upside momentum is uncertain.
The pair is fluctuating around EMA 34 and 89, showing signs of confluence.
A break below 1.046 could signal further selling pressure, with lower targets in focus.
💡 Will EUR/USD break through this support level, or will buyers defend the trend? Share your thoughts!
📉 Technical Outlook:
Short-term bullish support remains at 1.046, but upside momentum is uncertain.
The pair is fluctuating around EMA 34 and 89, showing signs of confluence.
A break below 1.046 could signal further selling pressure, with lower targets in focus.
💡 Will EUR/USD break through this support level, or will buyers defend the trend? Share your thoughts!
Trade closed: target reached
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✅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
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.