EURUSD- Selling pressure at 1.14300 trendline

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#EUR/USD# EURUSD- Selling pressure at 1.14300 trendline

1. Trend

Short-term bias: Bearish
Price is trading below the descending trendline connecting the recent highs.
The current structure shows:
Lower Highs (LH).
Weakening recovery momentum.
EMA89 remains above price, indicating that the medium-term trend is still bearish.
Conclusion: EUR/USD is currently in a pullback phase within a short-term downtrend.

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SELL EURUSD zone : 1.14300 - 1.14400

SL : 1.14700

TP : 1.14000 - 1.13700 - 1.13300


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2. Economic News Related to EUR/USD

Key Market Drivers
1. Fed Expectations (USD)
EUR/USD is currently most sensitive to:
Fed rate expectations.
U.S. inflation data (CPI / PCE).
U.S. labor market data (NFP / Jobless Claims).

Impact:
Strong U.S. data → USD strengthens → EUR/USD falls.
Weak U.S. data → USD weakens → EUR/USD rises.

3. ECB (EUR)

Markets are closely watching ECB comments on:
Eurozone inflation.
Potential interest rate cuts.
Economic growth outlook.

If the ECB appears more hawkish than expected:

➡️ The euro could receive support.
Conversely, a dovish ECB stance would likely put pressure on EUR/USD.

Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.

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