Eyes on EURUSD: Tracing its Downhill Course

EURUSD has amplified its downward shift from 1.1139, dipping as low as 1.0821.

Following a brief consolidation, the possibility of further decline still stands with the next target identified at 1.0780, and if momentum persists, we could be looking at a dip towards 1.0723.

However, a resistance at 1.0910 sets a key level to watch. A successful breakout from this point could act as the catalyst for a renewed upward movement, setting sights on the 1.0998 resistance. If the bullish momentum takes over and leads us above this level, the target would then move to the 1.1070 area.