EUR/USD PRICE FORECAST: BEARISH OUTLOOK CONTINUES

Tina Collins

20 Feb 2025 — 1 min read

EUR/USD PRICE FORECAST: BEARISH OUTLOOK CONTINUES

EUR/USD extended its decline, revisiting the 1.0400 level.

The US Dollar gained strength due to tariff concerns and geopolitical tensions.

FOMC Minutes highlighted staff worries over Trump's policies.

EUR/USD tested support at the 55-day SMA near 1.0400 as the Greenback advanced.

The US Dollar Index (DXY) surpassed 107.00 amid tariff issues and the Russia-Ukraine conflict.

US yields showed mixed performance, while Germany’s 10-year bund yields rose to 2.55%.

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GERMAN MANUFACTURING BEATS EXPECTATIONS, SERVICES SECTOR GROWS

CANADA'S RETAIL SALES BEAT EXPECTATIONS IN JANUARY

EUR/USD STAYS BELOW 1.0500 AFTER GERMAN AND EU PMI DATA

XAU/USD DOWN BUT NOT OUT AHEAD OF US PMI DATA