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fxJun 29, 2026, 4:49 AM

EUR/USD Weakness Returns as Bulls Fail to Build Momentum

EUR/USD shows renewed weakness after bulls failed to sustain momentum, breaching a bearish trend line and a key Fibonacci retracement level on the 4-hour chart.

EURUSD

The EUR/USD pair has turned lower again as buyers were unable to maintain upward pressure. On the 4-hour chart, the pair broke through a descending trend line that had acted as resistance near 1.1370. It also moved above the 23.6% Fibonacci retracement of the decline from the 1.1622 high to the 1.1324 low, but the move lacked follow-through.

The failure to hold those gains suggests selling pressure remains intact, with the pair now at risk of revisiting recent lows. Traders are watching for further technical breakdowns that could signal a continuation of the broader bearish trend.

Source: FXStreet Forex News