EUR/USD declines to 1.0830 as bearish pressure increases

The EUR/USD currency pair decreased on Thursday, dropping to around 1.0830 as selling pressure grew. This follows a recent trend where sellers have been pushing the price lower after a strong bullish run. Immediate support for EUR/USD is seen at the 1.0800 level. If the price breaks below this point, it could lead to further declines, potentially reaching around 1.0765. On the other hand, resistance is noted at 1.0885 and a stronger level at 1.0920. A potential bullish crossover could occur around 1.0700, which might give buyers a slight advantage. Investors are reminded that trading carries risks, and research is essential. The information presented here is not a recommendation to buy or sell. Users should exercise caution and understand the risks involved in trading currencies. The views expressed are those of the writers and do not reflect any official stance.