EURUSD SELL

Key Indicators

• Momentum indicators favour downside over upside, increasing the appeal of further downside.

• The price stays below the 100-day SMA, and RSI remains below 50, suggesting weak buying momentum.

Fundamental Context

The euro remains under pressure versus the US dollar. The US dollar extended its gains following the release of stronger-than-expected Job Openings and Labor Turnover Survey (JOLTS) data.