Euro unable to recover above 1.0800, bearish bias persists EUR EURUSD $EUR $EURUSD
The EUR/USD managed to hold above the critical support area of 1.0760 and bounced to the upside, hitting 1.0815. The first resistance capped the recovery showing the euro’s lack of strength. The bias remains on the downside, but if the US dollar fails to break 1.0760 over the next sessions, the odds of a bullish run will rise.
The near-term picture remains bearish, but while above 1.0760, losses seem limited. A break below that level should trigger a bigger decline to 1.0700 initially and expose the March 2020 low at 1.0635.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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