The EUR/USD currency pair is holding steady around the 1.1650 exchange rate during the Asian trading session on Friday, following five consecutive days of losses. Despite this temporary stability, the 14-day Relative Strength Index (RSI) sits at 39, indicating a bearish trend and suggesting that momentum is fading rather than signaling an oversold market.
As traders assess the current market dynamics, the weaker momentum could imply further challenges for the euro against the US dollar. The EUR/USD’s struggle to gain traction may lead to increased scrutiny from investors, particularly as they weigh economic indicators and geopolitical factors influencing the exchange rate in the coming days.
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Data Source: FX Killer Analysis Team Updated: 2026-01-09 05:49
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.