The EURUSD pair is gradually losing its bullish momentum after failing to hold above the 1.1510 level, forming a series of lower highs. The recent decline is dragging the price back toward the long-term ascending trendline. If buyers fail to defend the support area around 1.1380 — a confluence of the trendline and the most recent swing low — the previous uptrend structure could be invalidated.
On the news front, the euro is under pressure following cautious remarks from the ECB, while recent PMI and inflation data from the Eurozone suggest slowing economic growth. Meanwhile, the Federal Reserve in the US maintains a hawkish stance, reinforcing USD strength and applying double pressure on EURUSD.
On the news front, the euro is under pressure following cautious remarks from the ECB, while recent PMI and inflation data from the Eurozone suggest slowing economic growth. Meanwhile, the Federal Reserve in the US maintains a hawkish stance, reinforcing USD strength and applying double pressure on EURUSD.
Trade active
Top trading opportunities are waiting for you! : t.me/+aljKUwb-ar1jNDg1
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Top trading opportunities are waiting for you! : t.me/+aljKUwb-ar1jNDg1
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.