The EUR/USD is teetering near the crucial 1.0500 level as bearish momentum builds amid cautious sentiment in the forex market. Continued concerns over economic slowdown in the Eurozone and hawkish signals from the Federal Reserve have increased selling pressure on the pair. Traders are closely watching for a decisive break below this psychological threshold, which could open the door for steeper losses.
Source – FXStreet
Market participants are factoring in stronger-than-expected U.S. economic data, which bolsters the dollar and dampens appetite for the euro. Technical indicators suggest a fragile position, with EUR/USD testing multi-month lows. A sustained drop below 1.0500 would likely trigger a sharper downturn, heightening concerns among euro bulls.
