Euro / U.S. Dollar
Short
Updated

EUR/USD: Bearish Trend in Focus

212
Hello everyone, what are your thoughts on EUR/USD?

From my personal analysis, it's clear that EUR/USD is extending its downtrend. The pair is trading around 1.164 and is under pressure from sellers after breaking below both the EMA 34 and EMA 89, with EMA 34 already turning downward — a classic bearish signal.

On the macro side, the European Central Bank is set to announce its monetary policy decision on Thursday. Meanwhile, U.S. President Donald Trump's ongoing trade tensions may add further uncertainty to the market. This corrective downtrend in EUR/USD could very well continue in the weeks ahead.

What do you think — will EUR/USD keep falling?
Trade active

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.