EUR/USD extends losses on the second day, trading lower around 1.0560 aligned with the immediate support at 1.0550 psychological level during the Asia
EUR/USD moves lower near 1.0550 due to recovery in the US Dollar.
indicates a change in momentum and a possible shift towards a bullish trend. The major level at 1.0500 could act as the support, following the previous week’s low at 1.0448. n session on Tuesday. However, the pair received upward support due to the continued correction in the US Dollar . A decisive break below the level could contribute to pressure on the pair to navigate the area around the major level at 1.0500, following the next level at 1.0450 lined with the previous week’s low at 1.0448.
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