Trading Insights

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EUR/USD

Euro Drops Below Support as EU Weakness Deepens

 

EUR/USD shifts cautiously bearish as the Euro breaks a key support level.
US confidence improving + Fed liquidity expansion = USD bid remains strong.
Meanwhile, eurozone growth continues lagging with structural demand deterioration.

Key Levels: Support 1.14655 │ Resistance 1.15752
Investor Takeaway: RSI 45 trending lower; MACD stabilizing. Breakdown favors continued USD strength into mid-month data releases.