EUR/USD continues to struggle, holding around 1.1610 after three consecutive days of losses. The currency pair is currently near six-week lows, reflecting ongoing weakness in the euro against the US dollar. Market sentiment remains cautious, influenced by broader economic concerns, as the pair's movement suggests a cautious trading environment.
The 14-day Relative Strength Index (RSI) stands at 35, indicating a neutral-bearish momentum. This technical indicator points to a potential continuation of the downward trend, suggesting that traders may be positioning themselves for further declines in the exchange rate. As the market navigates these fluctuations, attention will remain on key economic data that could influence future movements in the EUR/USD pair.
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Data Source: FX Killer Analysis Team Updated: 2026-01-16 04:39
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.