EUR/USD --> The Bears Are Applying Strong Pressure

EURUSD in a strong downtrend, the market has just set a new local low with no signs of stopping. What lies ahead?

The Euro is under significant pressure against the strength of the US dollar, which has been bolstered by the aggressive economic policies from the Trump era. The rising greenback has not only diminished the Euro's appeal but has also added further turbulence to the forex market. Under current conditions, the 1.1000 level has emerged as a critical point, drawing significant attention from major institutional players in the market.

Resistance levels: 1.033, 1.0448
Support levels: 1.000

From both a technical and fundamental perspective, the outlook remains weak. As such, emphasis should be placed on strong resistance levels where the downtrend is likely to resume.