Bearish
EUR/USD declines to 1.1450 amid USD strength and geopolitical concerns.
Over the past 24 hours, EUR/USD has fallen to 1.1450, driven by a stronger US dollar and escalating geopolitical tensions. The market continues to favor the dollar, with EUR/USD trading below the 61.8% Fibonacci level at 1.1473 and approaching the 76.4% level at 1.1416.
Key points
- EUR/USD consolidates below 1.1500, exposing 1.1450 support.
- US dollar remains in control, pushing EUR/USD lower.
- Upcoming European and US PMI data may influence EUR/USD direction.
Sources
AI-generated from public news sources. Not financial advice.
