EURUSD

[mendez]

Hello Traders!

What are your thoughts on EURUSD?

EUR/USD kicked off the week with a sharp drop of nearly 200 pips, driven by renewed concerns over U.S. tariff policies. This strong bearish momentum signals intensified selling pressure across the board.
The pair is now approaching a support zone, which has previously triggered bullish reactions.
However, given the current strong bearish sentiment, there is a real risk this support may not hold.
Our bias remains bearish overall.
If the pair finds temporary support at this level, a short-term corrective bounce is possible.
But ultimately, we expect a continuation of the downtrend toward lower support levels after the correction completes.

Can this support zone stop the bleeding, or is more downside coming? Let us know your thoughts!
Don’t forget to like and share your thoughts in the comments! ️

[Maxwell]

Nice breakdown! I’m watching that support zone too ..if it breaks clean, I’ve got my eyes on the 1.0600 area next. Short bias unless we see a strong daily reversal candle. Anyone else watching for RSI divergence here?

[rafihasan]

Thanks for the update! The bearish momentum looks strong, but I wouldn’t be surprised to see a quick fakeout below support before a corrective pullback. EUR/USD loves those traps lately. What timeframe are you watching for confirmation?

[Nahiar806]

That 200-pip drop was wild! If this support gives out, next stop might be around the 1.0650 zone. Short-term bounce possible, but sentiment is too heavy for a proper reversal yet. Would love to hear your DXY view as well!