EUR/USD Price Forecast: Eyes 1.1650 barrier near nine-day EMA

AI Briefing

• – EUR/USD pares recent losses, trading around 1.1630, with a bearish bias and descending channel pattern.
• – The pair is approaching the 1.1650 resistance level, a key barrier near the nine-day EMA.
• – A break above 1.1650 could lead to a reversal, while support at 1.1600 could limit downside momentum.