The EUR/USD pair struggles to capitalize on the previous day's modest gains and attracts fresh sellers in the vicinity of the 1.0800 round-figure mark
The technical setup suggests that the path of least resistance for spot prices is to the downside.The EUR/USD pair
The negative outlook for the EUR/USD pair is reinforced by the fact that oscillators on the daily chart are holding deep in the bearish territory and are still far from being in the oversold zone. Apart from this, the emergence of some US Dollar buying suggests that the path of least resistance for spot prices is to the downside. Hence, a subsequent slide to the 1.0765 region, en route to the 1.0700 mark, looks like a distinct possibility.
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