EURUSD Struggles Within Downward Channel, Awaiting Confirmation
Atualizado
On November 22, EURUSD continues to move within a downward channel under pressure from the EMA 34 and EMA 89. After recovering from the strong support level of 1.04259, the price is now testing resistance at 1.05245, but the bearish trend remains dominant.
If the price breaks above 1.05245, it may target the 1.05537 zone; however, failure to do so could see the pair revisit the 1.04259 support level.
Rising U.S. bond yields and the ECB's cautious stance continue to pressure EURUSD, while risk-off sentiment drives inflows into the USD.
Traders should closely monitor these key support and resistance levels to optimize their trading strategies.
If the price breaks above 1.05245, it may target the 1.05537 zone; however, failure to do so could see the pair revisit the 1.04259 support level.
Rising U.S. bond yields and the ECB's cautious stance continue to pressure EURUSD, while risk-off sentiment drives inflows into the USD.
Traders should closely monitor these key support and resistance levels to optimize their trading strategies.
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