The EUR/USD pair has recently resumed its decline after breaking below the lower limit of its recent range at 1.0330, according to a note from Societe Generale’s FX analyst. The daily Moving Average Convergence Divergence (MACD) indicator has begun showing a positive divergence, but there are not yet clear signals of a significant bounce. The recent high near 1.0460 is seen as a crucial resistance level in the near term. If the pair is unable to surpass this level, it may continue its downward trend towards potential targets at 1.0070 and 1.0000.
The EUR/USD pair has been experiencing a period of decline, with the daily MACD showing positive divergence but no clear signs of a significant bounce. The recent high near 1.0460 is a key resistance level to watch, as a failure to surpass it could lead to further declines towards potential targets at 1.0070 and 1.0000. This suggests that the pair may continue its downward trend in the near term.
The EUR/USD pair has resumed its decline after falling below the lower limit of its recent range at 1.0330, according to a note from Societe Generale’s FX analyst. The daily MACD has started showing positive divergence, but there are no clear indications of a substantial rebound yet. The recent high near 1.0460 is a significant resistance level that the pair may struggle to overcome. If it fails to do so, it could lead to further declines towards potential targets at 1.0070 and 1.0000.
The EUR/USD pair has recently returned to its downwards trend after dropping below the lower limit of its recent range at 1.0330, as noted by Societe Generale’s FX analyst. The daily MACD has started to show positive divergence, although there are no visible signs of a substantial bounce at this time. The recent high around 1.0460 is an important resistance level for the pair in the short term. Failure to break through this level could result in a continuation of the downtrend towards potential targets at 1.0070 and 1.0000.
The EUR/USD pair has resumed its decline after breaking below the lower limit of its recent range at 1.0330, according to a note from Societe Generale’s FX analyst. The daily MACD is starting to display positive divergence, but there are currently no clear indications of a significant bounce. The recent high near 1.0460 is a crucial resistance level that the pair must overcome in order to avoid further declines towards potential targets at 1.0070 and 1.0000.
In conclusion, the EUR/USD pair is facing a continued decline after breaching below the lower limit of its recent range at 1.0330, with the daily MACD showing positive divergence but no clear signs of a significant rebound. The recent high near 1.0460 is a key resistance level to watch, as failure to surpass it could lead to further declines towards potential targets at 1.0070 and 1.0000. Traders should monitor these levels closely for potential opportunities in the forex market.
