Based on the technical and fundamental analysis, the EUR/USD pair appears to be biased towards the downside, given the prevailing downtrend and monetary policy divergence between the Fed and ECB. Traders should remain vigilant of key support and resistance levels, as well as upcoming economic events and geopolitical developments, to make informed trading decisions. As always, proper risk management strategies should be employed to mitigate potential losses.
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.