EURUSD loses ground as the US dollar strengthens
The EURUSD rate remains under pressure amid rising geopolitical risks and increasing demand for the US dollar, currently standing at 1.1641.
Technical outlook
The EURUSD pair is falling after rebounding from the EMA-65, indicating increased selling pressure. At the moment, prices remain trapped within a Triangle pattern. The EURUSD forecast for today suggests a further decline towards 1.1435.
EURUSD technical analysis indicates that downside risks remain in place as long as quotes hold below the 1.1655 resistance level.
Read more - EURUSD Forecast
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
Sincerely,
The RoboForex Team


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