The EUR/USD continues to face headwinds as bearish sentiment dominates market sentiment. Lingering concerns over Europe’s economic stability, coupled with robust U.S. dollar performance, have put significant pressure on the pair. Traders remain cautious as upcoming macroeconomic data could dictate near-term movements, though the outlook remains unfavorable for the euro.
Source – FXStreet
Despite minor intraday fluctuations, the pair remains trapped in a downward trend fueled by divergent monetary policies. The Federal Reserve’s hawkish stance contrasts sharply with a more cautious European Central Bank, leaving the euro vulnerable. For now, key support levels may offer temporary reprieve, but sustained recovery appears unlikely without a shift in market dynamics.
