EURUSD BEARISH PRESSURE BUILDING

- The EURUSD Outlook:

Trend Analysis:
The daily chart clearly indicates a persistent downtrend with stable bearish volume, suggesting unwavering bearish momentum. Recent price action reaffirms the continued downward movement, underscoring ongoing selling pressure.

Current Outlook:
As long as the price remains below 1.08856, the expectation is for the bearish trend to persist, targeting 1.06800. Anticipatedly, the EUR/USD is poised to ascend to 0.08856 before initiating a decline.

Bearish Scenario:
Sustained trading below the pivot zone indicates a potential drop to 1.06800. A breach of this level may lead to the next bearish target at 1.06200.

Bullish Scenario:
To establish an uptrend, the price must decisively reverse course and stabilize above the pivot zone, targeting higher resistance levels.

In summary, maintaining a position below 0.08856 strongly validates a bearish outlook, indicating the likelihood of further declines. Conversely, transcending the pivot zone could signal a shift to a bullish trend, targeting higher resistance levels.