EUR/USD Continues Its Downtrend
Hello traders! Let’s analyze EUR/USD and see where it might be headed next.
Currently, EUR/USD is extending its bearish momentum, trading near 1.0400 within a well-defined downtrend channel. The pair remains under pressure as the U.S. dollar gains strength, driven by hawkish signals from the Federal Reserve, reinforcing expectations that interest rates will remain high. Additionally, weak European economic data and market uncertainty have further weighed on the euro.
Technical Outlook:
The pair broke below key support and is now consolidating within a demand zone.
A potential pullback to 1.0429 (Fibonacci retracement & trendline resistance) could offer a selling opportunity if price fails to break higher.
If the bearish structure holds, EUR/USD could drop further towards 1.0360 and beyond.
Currently, EUR/USD is extending its bearish momentum, trading near 1.0400 within a well-defined downtrend channel. The pair remains under pressure as the U.S. dollar gains strength, driven by hawkish signals from the Federal Reserve, reinforcing expectations that interest rates will remain high. Additionally, weak European economic data and market uncertainty have further weighed on the euro.
Technical Outlook:
The pair broke below key support and is now consolidating within a demand zone.
A potential pullback to 1.0429 (Fibonacci retracement & trendline resistance) could offer a selling opportunity if price fails to break higher.
If the bearish structure holds, EUR/USD could drop further towards 1.0360 and beyond.
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✅You can get 5 - 7 gold signals - Forex every day
✅ Trading knowledge and answers to questions 24/7
✅Completely free.
👉Join by clicking the following link:
t.me/+QXTdazFwCRg5MGNl
✅ Trading knowledge and answers to questions 24/7
✅Completely free.
👉Join by clicking the following link:
t.me/+QXTdazFwCRg5MGNl
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.