The EUR/USD pair has struggled to maintain momentum above the 1.0400 mark, encountering resistance near the nine-day exponential moving average (EMA). After a brief recovery attempt, the currency pair’s upward movement remains capped, reflecting broader market hesitancy amid economic uncertainty.
Source – FXStreet
Persistent concerns over Eurozone economic growth and a resilient US dollar have added to the pair’s challenges. Analysts suggest that breaking the 1.0400 resistance could signal renewed bullish sentiment, but sustained gains may require supportive economic data or a shift in market sentiment. The outlook remains cautious as traders await upcoming macroeconomic indicators for further direction.
