EUR/USD Price Analysis: Interim contention emerges near 1.0650
Abstract：EUR/USD faces increasing selling pressure and returns to the sub-1.0700 region afer hitting new highs near 1.0750 at the beginning of the week.
- EUR/USD comes under pressure following Mondays tops.
- Further decline could revisit the 1.0650 zone in the near term.
EUR/USD faces increasing selling pressure and returns to the sub-1.0700 region afer hitting new highs near 1.0750 at the beginning of the week.
In case the downward bias picks up extra pace, the pair could extend the pullback to the 55-day SMA near 1.0650, which is expected to provide temporary contention.
In the meantime, while below the 200-day SMA at 1.0804, the pairs outlook should remain negative.
EUR/USD daily chart
Read more
WikiFX Wishes You a Happy New Year!
Dear Global Users, Thank you for journeying alongside WikiFX. Every query you make, every review you share, and every piece of feedback you provide serves as the most vital driving force behind our continuous efforts to promote transparency and security in the trading industry.
Celebrate the New Year and Usher in a Safer 2026 for All Traders!
As the new year begins, WikiFX extends our sincere gratitude to traders worldwide, our industry partners, and all users who have consistently supported us.
Become a Broker Reviewer: Your Experience is Worth Its Weight in Gold
Dear Forex Traders, When choosing a forex broker, have you ever faced these dilemmas? Dozens of broker advertisements, but unsure which one is truly reliable? Online reviews are either promotional content or outdated/incomplete? Want to learn about real users’ deposit/withdrawal experiences but can’t find firsthand accounts? Now, your experience can help thousands of traders and earn you generous rewards! The campaign is long-term and you can join anytime.
Fed Minutes in Focus as USD Stabilizes, Gold Slips from Record Highs
Markets turn cautious as investors await the Fed’s December meeting minutes. The US Dollar stabilizes near 98.10, gold drops sharply from record highs, while GBP/USD, EUR/USD, and USD/JPY react to central bank signals.
WikiFX Broker
Latest News
STARTRADER Launches New Global Brand Identity
WikiFXWikiFX Wishes You a Happy New Year!
WikiFXUS Manfacturing Survey Signals "Wile E Coyote" Scenario
WikiFXRM1.15 Million Lost: Two Women Fall to Fake Profits and Fake Police
WikiFXWhat Is Spread in Forex Trading and How to Calculate It
WikiFXORBI TRADE BERJANGKA Review (2025): Is it Safe or a Scam?
WikiFXMagnetFX Review 2025: Institutional Audit & Risk Assessment
WikiFXAllied Top Review: Scam or Legit Broker?
WikiFXRate Calc
