“EURUSD falls within the confines of its bullish channel – Analysis – 02-12-2025”

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EURUSD declined in its latest intraday trading after hitting the key resistance at 1.1650, which aligns with our previously anticipated target. This bearish pullback appears aimed at forming a new higher low to rebuild the bullish momentum needed for a recovery, particularly as the pair seeks to relieve overbought conditions indicated by the relative strength indicators.

The price continues to trade within a short-term bullish corrective channel, which provides technical support despite intraday pressures from the tested resistance. Remaining within this channel may help the pair regain its upward trajectory.”

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