EUR faces resistance and the ECB meeting
EUR tested the 1.09 level and recovered slightly, but it must break through the 1.09985 resistance to continue rising.
However, if it fails to do so, EUR may drop below 1.09021.
Both the 89 EMA and 34 EMA are sloping downward, indicating strong selling pressure and a dominant bearish trend.
The European Central Bank (ECB) meeting this week will be a key event to watch.
However, if it fails to do so, EUR may drop below 1.09021.
Both the 89 EMA and 34 EMA are sloping downward, indicating strong selling pressure and a dominant bearish trend.
The European Central Bank (ECB) meeting this week will be a key event to watch.
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