EUR/USD Forecast: Euro shows no signs of life ahead of ECB Pres. Lagarde speech

index futures were trading flat. In case Wall Street's main indexes open in positive territory, the USD could struggle to find demand.was last seen trading at around 1.0630 . A four-hour close below that level could attract sellers and open the door for an extended decline toward 1.0600 and 1.0570 . Meanwhile, the Relative Strength Index indicator on the 4-hour chart stays near 40, suggesting that the pair has more room on the downside before turning technically oversold.

On the upside, 1.0660-1.0670 , upper limit of the descending channel) aligns as immediate resistance ahead of 1.0700 and 1.0750 .Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.

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