Sat, Sep 25, 2021 @ 18:25 GMT
HomeContributorsTechnical AnalysisEUR/USD Decline Likely To Continue

EUR/USD Decline Likely To Continue

On Thursday, the Eurozone single currency declined by 62 pips or 0.53% against the US Dollar. The currency pair tested the weekly support level at 1.1758 during Thursday’s trading session.

All things being equal, the exchange rate could continue to edge lower during the following trading session. The potential target for sellers would be near the 1.1740 area.

However, the weekly S1 at 1.1758 could still provide support for the EUR/USD currency exchange rate within this session.

Dukascopy Swiss FX Group
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

Featured Analysis

Learn Forex Trading