Fri, 13 Mar 2026 07:54:58 GMT
EUR/USD Technical Analysis: Bearish Descending Channel
EUR/USD 4-hour chart currently exhibits a well-defined Descending Channel pattern, characterized by a series of lower highs and lower lows contained within two parallel downward-sloping trendlines. The price action remains under significant pressure as it trades below the 60-period Simple Moving Average, which continues to serve as a reliable overhead resistance level for the pair. Recent market behavior shows a