EUR/USD goes down with Trump 2.0 – BBH

FXStreet Insights Team FXStreet

EUR/USD has experienced a deeper pullback after confirming a double top, BBH’s FX analysts note.

Potential supports are located at June low of 1.0665 and 1.0600

“EUR/USD has dipped below the 200-DMA (1.0870) and the trend line drawn since October 2023 denoting prevalence of downward momentum.”

“The decline is a bit stretched but signals of rebound are not yet visible. Inability to reclaim the MA at 1.0870 could lead to persistence in down move. Next potential supports are located at June low of 1.0665 and 1.0600.”

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FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

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