EUR/USD: Macro And Geopolitics Align For A Downside Breakout – Seeking Alpha
EUR/USD: Macro And Geopolitics Align For A Downside Breakout
The EUR/USD currency pair is currently facing a potential downside breakout as macroeconomic factors and geopolitical events align in favor of a weakening euro against the US dollar.
The European economy has been struggling with slow growth and high debt levels, putting pressure on the euro. In contrast, the US economy has been showing signs of strength, with robust economic data and a more hawkish monetary policy stance by the Federal Reserve.
Geopolitical tensions, such as the ongoing trade war between the US and China, have also weighed on the euro, as investors seek safe-haven assets like the US dollar in times of uncertainty.
Overall, the combination of weak economic fundamentals in Europe and geopolitical risks could lead to a downward breakout for the EUR/USD pair in the near future. Investors should closely monitor these factors to make informed trading decisions.