Euro / U.S. Dollar
Short
Updated

EURUSD Faces Renewed Selling Pressure

327
Hello, what are your thoughts on EURUSD?

After failing to break above the 1.1600 level, the EUR/USD pair is now facing strong selling pressure again, currently testing the mid-1.1500s on Monday. Meanwhile, the US Dollar has seen a modest rebound across the board as investors digest Friday’s sharp drop following weaker-than-expected US jobs data.

From a technical standpoint, this setup may lead EURUSD to even lower levels. The recent movement aligns well with our previous outlook and follows the Dow Theory principles.

I'm expecting the price to continue its correction—what about you?
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