EUR/USD Tests Critical Resistance Near 1.1250; What Next?
The EUR/USD pair remains steady, pricing around 1.1240 in Asian trading hours this Tuesday. Following a gain of more than 0.50% in the prior session, the current trading environment suggests a test of the descending channelโs upper boundary. Technical analysis reveals a bearish inclination, as the pair positions itself within a descending channel. Traders should keep a close watch on market signals that may indicate a change in direction or momentum as they engage with this dynamic market scenario.