Article details
The EUR/USD pair has experienced three consecutive days of losses, reaching its lowest level since August 2023 below the 1.1500 psychological barrier. Despite technical indicators signaling oversold conditions, sustained bearish momentum suggests sellers remain dominant, with limited immediate appetite for a reversal. This trend reflects broader euro weakness amid divergent monetary policy trajectories between the European Central Bank (ECB) and the Federal Reserve, with the latter maintaining a hawkish stance. For traders, the pair's inability to rebound despite oversold levels raises concerns about a potential breakdown below critical support zones, which could trigger further declines toward 1.1300-1.1400. Market participants should monitor ECB policy cues and U.S. inflation data for directional clarity, as these factors will heavily influence the euro's near-term trajectory against the dollar.
