The Euro Short-term Outlook shows that EUR/USD bears are losing steam as we head into the close of October. The currency pair has seen a shift in momentum, with the euro gaining some strength against the US dollar. This change in direction is significant as it indicates a potential reversal in the recent downtrend.
In the coming days, traders will be closely watching the EUR/USD pair to see if this shift in momentum continues. If the euro continues to strengthen, we could see a further rally in the currency pair. However, if the bears regain control, we may see a return to the previous downtrend.
Overall, the outlook for the euro in the short-term is positive as the bears lose steam. Traders should keep a close eye on the EUR/USD pair to see how the market reacts in the coming days.