EURUSD Weak Recovery: Awaiting Fed's Decision
EURUSD continues to face downward pressure, with lower highs and lows. Currently, the price is experiencing a slight recovery from the support level of 1.09022, but it remains below the EMAs, indicating that the downtrend is still strong.
If it fails to break through the resistance level of 1.09518, EURUSD could retest the support and move even lower. News on Fed monetary policy and the economic situation in Europe will be key factors shaping the pair's next direction.
If it fails to break through the resistance level of 1.09518, EURUSD could retest the support and move even lower. News on Fed monetary policy and the economic situation in Europe will be key factors shaping the pair's next direction.
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