The EUR/USD pair continues its downward trajectory, with traders eyeing the critical 1.0600 level as selling pressure intensifies. Persistent strength in the U.S. dollar, fueled by robust economic data and hawkish Federal Reserve expectations, has kept the euro under pressure. Market participants are increasingly cautious as they assess whether this bearish momentum could push the pair beyond key psychological thresholds.
Source – FXStreet
Further declines could test levels below 1.0600, particularly if upcoming economic releases reinforce the dollar’s dominance. Analysts suggest that any rebound in the euro would require a significant shift in market sentiment or dovish signals from the Federal Reserve. Until then, EUR/USD remains vulnerable to downside risks in a market dominated by dollar strength.
