EUR/USD has experienced a decline, trading around 1.1660 during the Asian session on Monday after a brief rally in the previous trading period. The currency pair's retreat is notable as it moves away from key moving averages, indicating potential bearish momentum in the market.
The 14-day Relative Strength Index (RSI) stands at 42.69, remaining below the 50 midline and reflecting a weakening sentiment for the euro against the dollar. As traders closely monitor these technical indicators, the current exchange rate suggests that bearish trends could continue, raising concerns for EUR/USD's stability in the near term.
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Data Source: FX Killer Analysis Team Updated: 2026-01-13 04:24
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.