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Forex Weekly Technical Analysis: News & Trends (Mar 25–28, 2025)
In this week’s technical analysis on forex, EUR/USD is consolidating near the 1.0660 key support level, which sits over the 30-day SMA, signaling that the bulls vs. bear fight remains undecided in the wake of a surge earlier this month. Sentiment shifted as the prior uptrend failed to breach the 1.0950 resistance, marking bullish exhaustion. A bearish RSI divergence emerged, indicating weakening upside momentum. This was followed by a break below the 1.0830 mark, further strengthening the bearish outlook. The formation of a double top at 1.0950 reinforced selling pressure, with bears gaining control after failing ... (full story)
