FX.co ★ EUR/USD

As of today, the currency pair EUR/USD continues to move within a descending channel, indicating that sellers are still in control. After an attempt to hold above the 1.16200 level, a pullback began, which is ongoing at the moment. I expect that in the near future, the price of the currency pair will move in a range roughly between 1.15900 and 1.15750. Currently, the level of 1.158950 is the closest resistance; if the price manages to break above this level, it could be one of the first signals that the price is likely to continue rising, although a pullback could also occur. It is important to note that the price is currently below this point, and determining the primary direction is still uncertain.