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Market Overview
The EUR/AOA pair closed at 1063.24211, slightly down by 0.01% from the previous close, continuing a downtrend evident over the past 30 days with a decline of 0.45%. The pair remains below its 20-day SMA of 1063.98 and 50-day and 200-day DMAs (not provided but implied by trend), reflecting sustained bearish momentum. The RSI indicates moderate weakness, while nearest support is at 1059.40 and resistance near 1070.02. No major economic events are scheduled imminently, but ongoing Eurozone and Angolan economic factors may influence price action. Technical indicators confirm measured selling pressure amid balanced liquidity. For information only.
Last Updated 12/5/25

Sam Bourgi is an analyst, writer and financial market commentator featured in and cited by U.S. Congress, Department of Justice, Chicago Board Options Exchange, Barron's and Forbes. He covers stocks, bonds, mutual funds, ETFs, forex, Bitcoin, cryptocurrency, real estate and macroeconomics. He has written over 25,000 articles and over 40 whitepapers and e-books.