EUR/USD Bearish Trend Analysis: Downward Direction

The EUR/USD pair is showing a bearish direction, with the euro weakening against the US dollar amid ongoing market pressures. The current price is around 1.1555–1.1561, reflecting a daily decline of approximately 0.09% to 0.16% from the previous close near 1.1571–1.1574. Today's range has been between a low of 1.1547–1.1555 and a high of 1.1594–1.1597, but the pair has trended lower overall, influenced by factors like French political uncertainty, a risk-off market mood, and anticipation around Federal Reserve Chair Jerome Powell's speech.

Technical analysis points to a strong sell signal, with moving averages and indicators supporting further downside potential. Forecasts suggest the pair could test lower levels like 1.1527 or even 1.1470–1.1513 if support breaks, driven by a strengthening dollar from broader US economic resilience and global trade tensions. Recent economic data, including German CPI at 2.40% YoY (meeting expectations) and upcoming ZEW sentiment figures, has done little to bolster the euro so far.

Market sentiment on Social media echoes this bearish bias, with discussions highlighting euro fragility, potential for further declines, and focus on dollar upside ahead of key events. While some posts note possible short-term bounces or buying opportunities near support zones like 1.1542, the consensus leans toward downward pressure unless dovish Fed signals emerge.