EUR/USD Faces Renewed Selling Pressure – Market Analysis (03 November 2025)

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The EUR/USD pair extended its decline in the latest intraday session after breaking below the key support level at 1.1550, which intensified the selling pressure on the pair. The prevailing short-term bearish trend remains dominant, and the continued movement along the descending trendline confirms the persistence of this negative momentum.

Additionally, the emergence of further bearish signals on the relative strength indicators supports the likelihood of continued downside movement, despite the pair entering deeply oversold territory. This oversold condition may temporarily slow the decline before the bearish trend resumes, unless the pair manages to reclaim the broken 1.1550 level.

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