
EUR/USD Price Analysis: Bulls Face Resistance as Key Barriers Remain Intact
EUR/USD Struggles to Break Above 100-Day SMA: A Sign of Weakening Bullish Trend The European single currency continued its downward trend against the US dollar on Wednesday, failing to gain momentum above the 100-day Simple Moving Average (SMA) for the third time. This persistent rejection of the SMA indicates a weakening bullish trend, as sellers…