The EUR/USD price is still above 1.0800, which is the upper boundary of the descending channel. This indicates that the pair is currently trading in a downward trend. Traders are closely watching to see if the price will break above this level or continue to move lower. Analysis shows that the EUR/USD pair is still within the descending channel, suggesting a bearish outlook. Investors are keeping a close eye on this key level as it could determine the next direction of the pair.
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