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fxJun 8, 2026, 5:24 AM

EUR/USD Rebounds to 1.1550 After Hitting Channel Bottom

EUR/USD recovers from the lower boundary of a descending channel, trading near 1.1530 in Asian hours. Daily chart signals ongoing bearish bias despite the bounce.

EURUSD

EUR/USD staged a rebound after losing 0.75% the previous day, trading around 1.1530 during Monday's Asian session. The pair rose toward the 1.1550 area after testing the bottom of the descending channel.

Technical analysis from the daily chart suggests the bearish bias remains intact. The pair is still positioned near the lower boundary of the descending channel, indicating that the recovery may be limited and downside pressure could resume.

Source: FXStreet Forex News