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Huwebes Aug 21 2025 09:10
2 min
Current technical analysis of the EUR/USD currency pair indicates a period of sideways trading, with the pair expected to fluctuate between 1.1630 and 1.1680. This expectation is supported by momentum indicators showing signs of flattening, suggesting market indecision.
According to UOB Group's FX analysts Quek Ser Leang and Peter Chia, a slight increase in downward momentum over the longer term could push the Euro lower, potentially testing the 1.1595 support level. Traders should closely monitor this level, as a break below it could signal further declines.
Earlier, analysts indicated a tentative increase in downward momentum, which might lead to EUR breaking below 1.1630. However, it was cautioned that the EUR was unlikely to reach the next support at 1.1595 based on current momentum. This analysis proved accurate, as the EUR dipped to a low of 1.1621 before rebounding and closing marginally higher at 1.1651.
The expectation of a tentative increase in downward momentum remains. As long as the EUR stays below the 'strong resistance' level, currently at 1.1705, it could edge lower and test the major support at 1.1595. However, it is too early to determine whether the EUR can break clearly below this level. This outlook remains unchanged.
The movement of the EUR/USD pair is influenced by several factors, including:
Traders should stay informed about these factors to anticipate potential price movements in the EUR/USD pair. Monitoring key support and resistance levels is also crucial.
Risk Warning and Disclaimer: This article represents only the author’s views and is for reference only. It does not constitute investment advice or financial guidance, nor does it represent the stance of the Markets.com platform. Trading Contracts for Difference (CFDs) involves high leverage and significant risks. Before making any trading decisions, we recommend consulting a professional financial advisor to assess your financial situation and risk tolerance. Any trading decisions based on this article are at your own risk.
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