EURUSD- Selling pressure at 1.14300 trendline

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#EUR/USD# EURUSD- Selling pressure at 1.14300 trendline

1. Trend

Short-term bias: Bearish
Price is trading below the descending trendline connecting the recent highs.
The current structure shows:
Lower Highs (LH).
Weakening recovery momentum.
EMA89 remains above price, indicating that the medium-term trend is still bearish.
Conclusion: EUR/USD is currently in a pullback phase within a short-term downtrend.

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SELL EURUSD zone : 1.14300 - 1.14400

SL : 1.14700

TP : 1.14000 - 1.13700 - 1.13300


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2. Economic News Related to EUR/USD

Key Market Drivers
1. Fed Expectations (USD)
EUR/USD is currently most sensitive to:
Fed rate expectations.
U.S. inflation data (CPI / PCE).
U.S. labor market data (NFP / Jobless Claims).

Impact:
Strong U.S. data → USD strengthens → EUR/USD falls.
Weak U.S. data → USD weakens → EUR/USD rises.

3. ECB (EUR)

Markets are closely watching ECB comments on:
Eurozone inflation.
Potential interest rate cuts.
Economic growth outlook.

If the ECB appears more hawkish than expected:

➡️ The euro could receive support.
Conversely, a dovish ECB stance would likely put pressure on EUR/USD.

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