EUR/USD continues to face downward pressure for the fourth straight session, hovering around the 1.1720 mark during the Asian trading hours on Friday. The currency pair is testing a crucial nine-day support level near 1.1700, indicating a potential area of interest for traders.
Despite this current weakness, technical analysis reveals a prevailing bullish sentiment, as the pair remains within an ascending channel pattern. The ongoing fluctuations in the exchange rate suggest that market participants are closely monitoring developments that could influence the USD and EUR dynamics in the coming sessions.
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Data Source: FX Killer Analysis Team Updated: 2025-12-19 06:31
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.