📉 Technical Analysis for EUR/USD Pair
After the recent attempt to rise, the EUR/USD pair still faces strong resistance near the 1.1700 level.
Despite the Relative Strength Index (RSI) remaining in the positive zone, the recent downward trend indicates weakness in the bulls' strength and a loss of buying momentum.
Potential Scenarios:
✅ If 1.1700 is broken with a strong close: the price may head towards 1.1800 and then 1.1829 (highest annual level).
❌ If it breaks below 1.1624: we may see a drop towards 1.1600 and then 1.1500.
💬 Question for Followers:
Do you expect the rise to continue or a return to decline soon? Share your opinion in the comments.
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