The euro is still likely to weaken

The EURUSD continues to bearish and the short-term trend of the Euro against the US Dollar is down to 100% Fibonacci estimates at the rate of 1,0490. With the breakout of these levels, the euro will reach an estimate of 161.8% at the rate of 1,0068.

In the eyes of buyers, if the price crosses above the slight resistance of 1,0754, the short-term market trend will be neutralized (suffering).

But as long as the resistance of 1,035 holds its position, the market outlook will remain bullish.

* Technical H4 analysis of EURUSD

* Technical daily analysis of EURUSD