EUR/USD Dives Deeper: Technical Signals Point to Continued Downtrend Amid Strengthening Dollar
EUR/USD faced renewed selling pressure on October 7 as bearish momentum resumed. The pair slipped below key supports amid a stronger dollar, weak Eurozone data, and sustained downtrends confirmed by moving averages and technical indicators. Watch 1.0485 and 1.0440 for support; resistance near 1.0565 keeps the bearish outlook intact. Traders should prepare for continued downside risks in the near term. #ForexAnalysis #EURUSD