The EUR/USD pair continued its downward trend, reflecting the euro’s struggle against a broadly stronger dollar. Market sentiment remains bearish, with sellers dominating as the pair nears pivotal support levels. Analysts suggest this move could lead to lower lows, spurred by ongoing concerns over monetary policy divergence between the Federal Reserve and the European Central Bank.
Source – FXStreet
The dollar’s resilience stems from stronger-than-expected U.S. economic data, which bolsters the case for sustained higher interest rates. In contrast, the euro faces pressure due to softer economic indicators in the Eurozone and limited room for ECB policy tightening. Investors are closely watching key technical zones, as a break below current levels could accelerate the decline.
