EUR/USD Technical Analysis and Trade Opportunities Daily

Before the price decreased to 1.1200, prices around 1.1700 remained stable for a short time. This steadiness was short-lived.

When a good SELL Entry was offered on the preceding upward movement, the price zone around 1.1500 exerted a lot of SELLING pressure in a short period.

After the rising movement, a good SELL Entry was offered. During the prior rising momentum, a respectable SELL Entry was presented. As it soared, this ascension moved toward the pricing zone.

Since then, the EUR/USD pair has moved at lower values, most recently reaching a high of 0.9600 after earlier trading at 1.0850, 1.0400, and 1.0000.

Sellers will pressure the market until a strong gaining momentum breaks through 1.0000. This condition may last. The current situation will likely persist a long time.

Any price movement that moves the currency pair closer to 0.9500 should be watched for signs of additional buying pressure until then.

Always do this, regardless of price change. This region can start a favorable trend.

Because of this, it's crucial to watch for signs of this.

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