The pair is weighed down by a renewed US Dollar uptick, helped by higher US Treasury bond yields. Traders ignore mixed EU PPI data ahead of mid-tier US economic data.
The EURUSD pair resumes its negative trading clearly to surpass 1.0782 level and confirms the continuation of the bearish trend domination for the rest of the day, and the way is open to head towards our next target at 1.0690, noting that breaking this level will push the price to 1.0638 as a next main target.
Therefore, the bearish trend scenario will remain valid and active conditioned by the price stability below 1.0782.
The EURUSD pair resumes its negative trading clearly to surpass 1.0782 level and confirms the continuation of the bearish trend domination for the rest of the day, and the way is open to head towards our next target at 1.0690, noting that breaking this level will push the price to 1.0638 as a next main target.
Therefore, the bearish trend scenario will remain valid and active conditioned by the price stability below 1.0782.
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