EUR/USD Price Pauses Downside Amid Oversold Conditions

<div><img width="400" height="267" src="https://www.forexcrunch.com/wp-content/uploads/2021/08/USD_CAD_Loonie_Flags.jpg" class="type:primaryImage wp-post-image" alt="my USD/CAD forecast" style="margin-bottom: 15px;" decoding="async" fetchpriority="high" srcset="https://www.forexcrunch.com/wp-content/uploads/2021/08/USD_CAD_Loonie_Flags.jpg 400w, https://www.forexcrunch.com/wp-content/uploads/2021/08/USD_CAD_Loonie_Flags-300×200.jpg 300w, https://www.forexcrunch.com/wp-content/uploads/2021/08/USD_CAD_Loonie_Flags-150×100.jpg 150w" sizes="(max-width: 400px) 100vw, 400px" /></div>
<p>A new lower low in EUR/USD price could activate more declines. False breakdowns could signal a new leg higher. 07 psychological level stands as a potential target. The EUR/USD price slumped after the US Non-Farm Payrolls, Average Hourly Earnings, Unemployment Rate, and Revised UoM Consumer Sentiment came in better than expected on Friday. –Are you…</p>
<p>The post <a href="https://www.forexcrunch.com/blog/2024/02/06/eur-usd-price-pauses-downside-amid-oversold-conditions/">EUR/USD Price Pauses Downside Amid Oversold Conditions</a> appeared first on <a href="https://www.forexcrunch.com">Forex Crunch</a>.</p>