The EUR/USD pair experienced a minor uptick on Friday, trading near 1.0430 after recent losses. While technical indicators show a possible easing of bearish momentum, the pair remains below the crucial 20-day SMA, indicating a continued downtrend. A sustained move above the SMA is needed to confirm a shift in trend.
EUR/USD registers a minor uptick on Friday, trading near 1.0430 after recent losses. RSI climbs to 44 in negative territory, indicating a tepid recovery but still suggesting sellers hold the upper hand.
histogram shows flat green bars, hinting at fading bearish momentum while the 20-day SMA remains a key hurdle. The EUR/USD pair ended a shortened week with a modest bounce, inching up to around 1.0430 on Friday. While this uptick offers brief respite from recent declines, the pair continues to trade below the 20-day Simple Moving Average , highlighting the prevailing downtrend.
EUR/USD Forex Technical Analysis Bearish Trend 20-Day SMA
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