The EUR/USD currency pair faced downward pressure and dropped below 1.0700 during the last trading session in the US on Thursday. The pair remained relatively quiet at the start of Friday, with technical outlook suggesting a mild pause in the current downtrend at 1.068.
If EUR/USD fails to stabilize above 1.0680, sellers may still be interested and take control of the market. In that scenario, temporary support is expected around 1.0660. EUR/USD will only rise if it can break out of the current trendline, otherwise the downward trend will continue as shown on the chart.
If EUR/USD fails to stabilize above 1.0680, sellers may still be interested and take control of the market. In that scenario, temporary support is expected around 1.0660. EUR/USD will only rise if it can break out of the current trendline, otherwise the downward trend will continue as shown on the chart.
