EURUSD Under Pressure Amid Persistent USD StrengthLast week’s trading session saw EURUSD lingering near its lows with minimal movement. Currently trading around 1.508, the pair remains favorable for sellers, driven by sustained bearish momentum.
The U.S. dollar continues to gain strength, fueled by policies linked to the Trump administration, further weakening the euro. On the technical front, bearish signals are evident, with consistent reversals near the 34 and 89 EMA, reinforced by trendlines, support/resistance levels, and Dow Theory patterns.
Looking ahead, potential trade policies under Trump’s administration, such as tariffs on European and Chinese goods, could drive U.S. inflation higher. If the Federal Reserve maintains a cautious or hawkish approach, this would likely provide continued support for the dollar, keeping EURUSD under downward pressure.
