EURUSD Remains Under Pressure as USD Keeps the Edge

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EURUSD continues to struggle after its breakdown from the 1.1600 region. The pair has not shown a convincing recovery, and recent price action suggests sellers are still controlling the market.

The macro backdrop remains supportive for the US Dollar. Stronger US service-sector data and the Fed’s cautious stance on rate cuts have helped maintain demand for USD, while weaker Eurozone activity data continues to weigh on the euro.

Trade Setup:

Sell Zone: 1.1450 – 1.1490
Stop Loss: 1.1535
Take Profit 1: 1.1400
Take Profit 2: 1.1350
Take Profit 3: 1.1300

As long as EURUSD remains below 1.1490, rallies may continue to be viewed as opportunities to sell rather than signs of a lasting recovery.

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