$EURUSD

💶 EUR/USD in Critical Zone: Downward Momentum Weakening, New Move Approaching

Recent movements in the EUR/USD pair are attracting investor attention.

The pair attempted to break below its previous support profile, but selling pressure has not been sustained so far. This indicates that the downward momentum is beginning to weaken.

The main question for the market is:

Is the Euro preparing for a recovery, or will the dollar regain strength?

📊 Technical Outlook

EUR/USD is currently in a critical decision zone.

🔹 Sellers appear to be losing strength.
🔹 The break below the previous low was not permanent.
🔹 Buyers are trying to regain control.

🐂 Upward Scenario

If the pair:

📈 rises above the 1.1369 level,

the next targets to follow are:

➡️ 1.1384
➡️ 1.1400
➡️ 1.1411

A break above this level could strengthen momentum in favor of the Euro in the short term.

🐻 Downward Scenario

If selling pressure returns:

📉 A break below 1.1345

followed by:

➡️ 1.1332
➡️ 1.1324
➡️ 1.1300

these levels may come into play.

The 1.1300 region is important as a psychological support.

🌍 Key Factors

Markets are following these key factors in the EUR/USD movement:

🇺🇸 US Side:

Fed interest rate expectations

US bond yields

Direction of the dollar index

🇪🇺 European Side:

ECB monetary policy

European growth outlook

Inflation data

If the dollar strengthens, EUR/USD may remain under pressure. However, easing expectations regarding the Fed could be supportive for the euro.

📌 Market Reading

The current chart tells us:

Above 1.1369 = increased probability of recovery
Below 1.1345 = renewed selling pressure

The pair is stuck between two important levels, and the movement could accelerate after a breakout.

Traders' eyes will be on:

🎯 1.1369
🎯 1.1345

These levels will be the focus.

Do you think EUR/USD will reverse upwards from this region, or will the dollar regain control? 👇

#EURUSD #Macro #TradFiCFDGoldMasters #MyGateTradeStory
⚠️ Not financial advice.