Overall, the EUR/USD pair continues to maintain a downward trend. News reports of escalating tensions in the Middle East have spurred a flight to the US dollar (USD) as a safe haven, leading to the decline of the EUR/USD pair.
However, upon examining the chart, clear signs of correction and recovery are evident. It is anticipated that the price will test the SMA 20 area before resuming its steep decline.
However, upon examining the chart, clear signs of correction and recovery are evident. It is anticipated that the price will test the SMA 20 area before resuming its steep decline.
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