EUR/USD Drops Sharply, Risk of Breaking 1.0209 Support
The EUR/USD pair remains under selling pressure, marking its third consecutive decline as market concerns over US tariff policies persist. With the US dollar maintaining its recovery momentum, the pair is currently trading around 1.0297, approaching a critical support level. The 4-hour chart indicates that the bearish trend remains dominant, with the price staying below the 34 EMA and 89 EMA while facing resistance from the descending trendline.
The key support at 1.0209 will be crucial to watch. A break below this level could see EUR/USD continue its decline towards 1.0127, setting a new low for 2025. Conversely, if the price rebounds, the 1.0352 zone will act as strong resistance.
The key support at 1.0209 will be crucial to watch. A break below this level could see EUR/USD continue its decline towards 1.0127, setting a new low for 2025. Conversely, if the price rebounds, the 1.0352 zone will act as strong resistance.
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