The EUR/USD was under pressure last week following the release of US inflation data and amid escalating tensions in the Middle East.
The increase in market volatility, resulting in a sell-off in indices, ultimately benefited the US dollar, which extended its gains from recent weeks.
Consequently, the EUR/USD broke below the support zone that had been sustaining the price since November 2023.
At this moment, as long as the price remains below the 1.072 level, a bearish scenario seems most likely, and the possibility of a further decline towards the support level at 1.055 should not be ruled out.
EUR/USD Daily time frame chart. Source: xStation 5
Dollar Index, Daily time frame chart. Source: xStation 5
Forex Heatmap. Source: xStation 5
Henrique Tomé,
Analyst Portugal
مخطط لليوم: EURUSD– لماذا يخسر اليورو أمام الدولار؟
ملخص الصباح: تصعيد النزاع يدفع أسعار النفط إلى 100 دولار (12.03.2025)
عاجل: بيانات مؤشر أسعار المستهلكين من الولايات المتحدة
🚨يختبر EURUSDمستوى 1.16 قبل صدور CPI
