Euro Faces Resistance as 1.0900 Level Remains a Challenge

Tuesday, 16 July 2024, 07:52
The EUR/USD pair is testing the key 1.0900 level, indicating a defensive stance for the Euro as bullish momentum weakens. Early morning trading on Tuesday saw the Euro slipping below 1.09, highlighting a potential shift in market sentiment.
Fxstreet
Euro Faces Resistance as 1.0900 Level Remains a Challenge

Euro Currency Update

The EUR/USD pair is experiencing resistance near the crucial 1.0900 level.

Market Analysis

  • Signs of fatigue: Euro's bullish momentum is waning.

In early morning trading, the currency slipped below 1.09, suggesting a defensive mode.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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