The EUR/USD price forecast continues to be capped under a descending trend channel near the 1.1100 level. This means that the pair is facing resistance and struggling to break above this key level. Traders are closely watching this area as it could indicate a potential reversal or continuation of the current trend. It is important to keep an eye on how the price behaves near 1.1100 in the coming sessions to get a better understanding of the market direction.
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