EURUSD continues its streak of declines

Wait 5 sec.

EURUSD continues its streak of declinesEUR/USDOANDA:EURUSDWolf_of-WallStreetThe EURUSD exchange rate is currently being influenced more by Washington than Frankfurt. Until the Federal Reserve’s interest rate path becomes clearer, or the eurozone experiences stronger economic momentum, rallies in EURUSD are likely to remain limited. For now, the US dollar remains the market’s preferred currency, with the euro following behind. From a technical perspective, EURUSD is struggling to recover from the 1.1530 zone, and the short-term bias has shifted to the downside. The 1.1670–1.1700 area now acts as a key resistance level. If price is rejected from this zone again, sellers may regain control and push the pair toward the next support near 1.1530 or even lower.