Euro keeps pressuring the weekly low could soon break lower EUR EURUSD $EUR $EURUSD
EU Consumer Confidence plummeted to -18.7 in March, according to preliminary estimates.EUR/USD keeps pressuring the weekly low could soon break lower.bounced from an intraday low of 1.0963 but spent most of the US session struggling to recover the 1.1000 mark. The American dollar gathered momentum mid-European session, accelerating its advance after Wall Street opened sharply down.
The pair is neutral-to-bearish, according to the 4-hour chart. The pair is now trading below its moving averages, which maintain bearish slopes, battling with a bearish 100 SMA. At the same time, technical indicators remain directionless, just below their midlines. A steeper decline could be expected on a break below 1.0960, the weekly low.
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