The EUR/USD currency pair faces increasing downward pressure, continuing its decline for the third consecutive session. As of Friday’s Asian trading hours, it trades around 1.0830. The daily chart indicates significant selling pressure, suggesting a potential trend reversal as the pair has fallen below its previously established ascending channel. Market analysts are closely watching key levels of support and resistance, particularly the psychological level of 1.0800, which may prompt traders to reconsider their positions amidst shifting market dynamics. Analysts recommend a cautious approach, following the latest developments in global economic indicators and trader sentiment. Keep an eye on upcoming data releases that could impact the Euro or US Dollar valuations. Stay informed by visiting Entreprenerdly.com for the latest updates.