EURUSD WILL CONTINUE DOWNTREND

Atualizado
hello guys lets start new analysis as you can see eurusd is bearish for a few days and mad a descending channel .
the price broke 1.060 support
When analyzing EUR/USD from a fundamental perspective on the one-hour timeframe, a few key factors are currently impacting this currency pair:

1. U.S. Interest Rates: The Federal Reserve is still in a phase of rate hikes or, at the very least, is not planning to lower rates anytime soon. This strengthens the dollar, as investors prefer it over other currencies, adding downward pressure on the euro. Any hints from the Fed about possibly slowing down rate hikes could provide temporary support for the euro.


2. European Economic Slowdown: Europe’s economy remains in a slow-growth phase, especially in countries like Germany, which relies heavily on exports. This factor weakens the euro and adds more downward pressure on EUR/USD.


3. Inflation and ECB Policies: Inflation in the Eurozone remains a challenge. The European Central Bank (ECB) has raised interest rates to control it, but inflation is still above target. The ECB may have less room and motivation than the Fed to continue rate hikes, which could weaken the euro.


4. Political and Geopolitical News: Ongoing geopolitical issues





Trade ativo
Running to profit
The price rejected from resistance 1.06
Trade fechado: objetivo atingido
Target1 achieved
Nota
Finaly target2 achieved
Trend Analysis

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