EUR/USD Trends Downward with Stronger Levels to Watch
The Euro (EUR) may demonstrate a downward trend as it appears poised to trade towards 1.0420. Significant support is expected at 1.0390. However, analysts indicate that further decline will require breaking below the 1.0333 low. Insights from UOB Group illustrate that traders should remain vigilant, as the currency pair’s direction heavily relies on upcoming economic indicators and broader market sentiment.