EUR/USD has extended its decline from 1.1201, dropping to a low of 1.1055.

What’s Next?

• Further Decline Possible:
  • The downtrend could continue, and a break below the 1.1055 support level may push the price toward the 1.0985 area.
• Resistance Levels to Watch:
  • Initial resistance is at 1.1105.
  • If the price breaks above this level, it could rise to the next resistance at 1.1140.
  • A move beyond 1.1140 could target the previous high resistance at 1.1201.

Conclusion

EUR/USD remains under pressure with further downside possible if it breaks below key support at 1.1055. Traders should watch for potential resistance at 1.1105 and 1.1140, as a break above these levels could signal a recovery towards the 1.1201 high. For now, the focus is on whether the pair can hold above or break below the critical 1.1055 support.

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