Euro / Dollar ASPenjualan
EUR/USD Faces Pressure in a Narrow Price Channel
EUR/USD continues to oscillate within a downtrend on the 4-hour chart, confined to a descending price channel, trading around 1.0398. Key resistance at 1.0445 - 1.0450, reinforced by the EMA 34 (1.0420) and EMA 89 (1.0466), has repeatedly rejected recovery attempts, indicating that selling pressure remains dominant. Meanwhile, strong support at 1.0275 - 1.0280 acts as a critical buffer, preventing deeper declines.
Amid low liquidity due to the short trading week, EUR/USD remains constrained within a narrow range. Comments from ECB President Lagarde, suggesting that Eurozone inflation may soon reach the 2% target, failed to boost the Euro, particularly as the USD retains strength due to expectations that the Fed will reduce interest rates at a slower pace in 2025. This divergence continues to exert downward pressure on the pair, keeping it in the descending channel.
If the price breaks below the 1.0370 support zone, the next target could be 1.0275 - 1.0280. Conversely, a break above the 1.0450 resistance could push EUR/USD toward the 1.0465 - 1.0480 region. However, the overall trend remains bearish under current conditions, and traders should exercise caution, anticipating potential volatility due to weak liquidity during the holiday season.
Amid low liquidity due to the short trading week, EUR/USD remains constrained within a narrow range. Comments from ECB President Lagarde, suggesting that Eurozone inflation may soon reach the 2% target, failed to boost the Euro, particularly as the USD retains strength due to expectations that the Fed will reduce interest rates at a slower pace in 2025. This divergence continues to exert downward pressure on the pair, keeping it in the descending channel.
If the price breaks below the 1.0370 support zone, the next target could be 1.0275 - 1.0280. Conversely, a break above the 1.0450 resistance could push EUR/USD toward the 1.0465 - 1.0480 region. However, the overall trend remains bearish under current conditions, and traders should exercise caution, anticipating potential volatility due to weak liquidity during the holiday season.
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