EUR/USD Analysis: Facing Selling Pressure Ahead of ECB Decisions – 14 October 2024
-- At the end of last week, the Euro traded around
-- In
In general, traders are now betting that the
According to stock trading platforms,
According to the economic calendar, with the
On the other hand, US industrial production is likely to contract by 0.1%, after a strong increase of 0.8% in August. Other key economic data to follow include the
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EUR/USD Technical analysis and forecast:
This week, the
Conversely, for the bulls to exit the downward channel, the EUR/USD pair must move towards the resistance levels of 1.1055 and 1.1130, respectively.
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Original Source DailyForex.com provides daily fundamental and technical analysis and signals for those looking to trade based on trends in the currency markets.
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