EURUSD Outlook: Dollar Dominance Extends as Euro WeakensThe EURUSD pair remains under downward pressure as investors continue favoring the U.S. dollar amid global economic uncertainty. The Federal Reserve’s consistent stance on keeping interest rates higher for longer has reinforced the dollar’s appeal, while weak Eurozone data — including sluggish industrial output and fading consumer confidence — has weighed on the euro’s recovery.
Market sentiment shows limited bullish strength for the euro, with traders closely monitoring upcoming U.S. inflation and ECB policy comments. Unless the Eurozone presents stronger economic momentum or fiscal support, the euro is likely to remain on the defensive.
Overall, the fundamental tone supports continued USD dominance. The broader market structure reflects bearish tendencies for EURUSD in the medium term, with investors preferring dollar exposure as a safer bet amid global uncertainty.
Eurusdbearish
Rare Diamond pattern; expect selling up to 1.09 level.The pair has formed a diamond pattern, which is very rare. The pattern is favorable for bears. The price can take a break down from the current level or can first move up to 1.10532 before any bearish move. The tp for the trade is at 1.09685. If we get a daily closing below this support, we can look at 1.09 as the next target. For the entire trade setup, the stop loss can be set between 1.10532 – 1.10755 area, preferrable close to the upper level.


