The pair did not benefit much from the recent optimism.
the technical analysis of the pair: the EUR/USD pair is poised for more weakness, and will strengthen the downtrend strongly if it moves.
Although the euro is a little firmer in the European morning, it isn’t amounting to much as EUR/USD sits in between both.
on a break either below the 1.1000 handle or the near-term trendline.
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A big focal point for EUR/USD will be the 1.1000 area and if the exchange rate can get below the low set mid-month. For the week ahead, I think it might be tough to see such a move materialize.
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The euro remained unmoved against the pound, however, as the bank maintained its “wait and see” approach to policy.