The couple extends the loss, but it carries the highest support

• The euro/the US dollar is declining to 1.0430 on Wednesday, which represents its third consecutive daily loss.
• The husband has already threw more than 0.50 % a week.
• RSI decreases to 53, indicating the fading momentum fading, while MACD graph shows the reduction of green straps.

The pair of the euro/US dollar Continue to retreat on Wednesday, which led to 0.17 % trading to trading around 1.0430. This represents his third consecutive day in red, erasing more than 0.50 % of the gains last week when the husband rose by more than 1.50 %. Despite the continuous correction, the broader technical view remains constructive as long as the husband remains above the simple moving average for 20 days (SMA).

The momentum indicators reflect a shift in feelings. The RSI has decreased sharply to 53, survival in a positive area but indicates increased purchase pressure. Meanwhile, the graph for the medium average rapprochement (MACD) is printed in reducing green bars, hinting that the upscale momentum loses traction. However, the USD is still higher than SMA for 20 days, buyers may still have a field to restore control.

From a broader perspective, SMAS is converging for 100 days and 20 days near 1.0450, raising concerns about the intersection of a possible landing. If this is achieved, it may confirm that the last gathering was merely a temporary correction, which leads to a long -term change Expectations Return to the negative side. Currently, merchants will monitor whether the husband can maintain support over SMA for 20 days or if the additional negative pressure will lead to a deeper decrease.

The euro graph/daily dollar