EUR/USD: Downside momentum building as key supports come into view [Video]
|The Euro continues to trade with a heavy tone, and the daily structure remains weak. Price is holding below both the 9‑ and 18‑day moving averages, keeping bearish momentum intact. My next immediate level sits at 1.1637.
On the weekly charts, I’m watching support at 1.1665/1.1660. If sellers can push through this zone decisively, the next target opens at 1.1600.
Looking further ahead, the uptrend line intersects around 1.1500, and with weekly indicators starting to turn negative, this is the area I’m planning for if downside pressure accelerates. Dollar Index (DXY): Breakout Extends.
The Dollar Index at 98.69 has broken higher, reinforcing the bearish tone for EUR/USD. The next resistance band comes in at 98.19/98.35. A break above this area would project a move toward 99.44. This is not to be construed as Investment advice...My money, My risk.
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