EUR/USD Confronts Resistance at 1.17: Technical Analysis Signals Potential Reversal as Bulls Struggle and Market Dynamics Stir Debate
EUR/USD encounters strong resistance at the 1.17 level after three failed breakout attempts, signaling a potential triple top formation. Mixed technical indicators and a pronounced sell wall suggest caution as the pair faces a critical juncture amid broader macroeconomic dynamics and firm USD support. Traders watch closely for the next directional move.