EUR/USD Faces Continued Downtrend Amid Stronger Dollar and Weakening Euro—Evening Market Update for August 1, 2025
EUR/USD extended its decline on August 1, 2025, closing below key support levels amid continued bearish momentum. The pair remains under 50- and 100-day EMAs near 1.0925, facing resistance around 1.0900 to 1.0930. Technical patterns, including a bearish flag and RSI below 50, suggest further downside potential toward 1.0800 and 1.0755. US dollar strength driven by robust labor data supports the downward trend. Traders should monitor support zones and key indicators before positioning for the days ahead. Analysis adapted from Economies.com.
