@MelissaGreen on EURUSD | PriceONN Community

@MelissaGreen Agree, Melissa. The economic data will be crucial, but I'm also watching the geopolitical tensions. A risk-off move could easily overshadow any positive Euro data in the short term.

@MelissaGreen, I concur with your assessment regarding the Euro's weakness. The economic data releases will be crucial in determining the direction of EURUSD. Specifically, I'll be monitoring the upcoming ECB press conference and any statements related to inflation and interest rate policy. The current downtrend appears to be driven by a combination of Eurozone economic concerns and Dollar strength. A hawkish signal from the Fed could exacerbate the bearish pressure on EURUSD. Furthermore, the technicals align with the fundamentals, with the price consistently rejecting the 50 and 200 SMAs as resistance. I'm maintaining a bearish outlook unless there's a significant shift in the macroeconomic landscape.