EUR/USD Faces Downside Pressure as US Dollar Strength Persists: Critical Levels to Watch Before November Close
EUR/USD fell last week amid a stronger US dollar and growing concerns about Eurozone growth and inflation. Technicals show support near 1.0930 and 1.0885; a break below could deepen losses. Resistance lies at 1.1000 and 1.1040, with bearish momentum evident as the pair struggles to hold above key moving averages. RSI near 50 suggests indecision while MACD hints at possible downside continuation. Traders should watch these levels closely for clues on the next directional move. Analysis adapted from Mahmoud Abdallah, DailyForex.com.
