EUR/USD has been falling for the past six sessions, trading around 1.0600 during the Asian session on Tuesday. The US dollar, supported by rising US Treasury yields, is asserting its strength, putting pressure on the pair.
When looking at the current situation, unstable economic factors in the euro area, along with the potential recovery of the US economy, are raising expectations for a strengthening of the dollar in the near future. next. This becomes even clearer when it is predicted that the European Central Bank (ECB) may reduce interest rates before the US Federal Reserve (Fed) takes similar measures. In this context, the forecast shows that EUR/USD will likely continue to decline further in both the short and medium term.