"EUR/USD Stumbles at Resistance Ahead of Inflation Data and Jobs Report"

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Source: XM
"EUR/USD Stumbles at Resistance Ahead of Inflation Data and Jobs Report"
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TL;DR Summary

The EURUSD pair has encountered resistance at the 1.1032-1.1095 area, failing to break through and now showing signs of a bearish reversal with momentum indicators like the RSI, ADX, and stochastic oscillator suggesting the end of the recent bullish trend. If the bearish signals continue, the currency pair could see a move towards lower support levels, while a successful break above the resistance could lead to testing higher past highs.

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