EUR/USD Tests 1.0950 Support as Bearish Momentum Accelerates

EUR/USD has broken below the psychologically important 1.1000 level and is currently testing support at 1.0950, with bearish momentum intensifying as the US dollar continues its broad-based strength. The pair has declined approximately 120 pips from recent highs, driven by diverging economic outlooks between the Eurozone and United States. Technical indicators confirm the bearish bias, with the 50-day moving average crossing below the 200-day MA, signaling a potential trend reversal. The next critical support level sits at 1.0920, followed by the significant 1.0850 zone. Dollar strength is being fueled by resilient US economic data and expectations that the Federal Reserve will maintain a less dovish stance compared to the European Central Bank. Resistance now forms at the broken 1.1000 level, which must be reclaimed for any bullish reversal. Traders are positioning for a potential test of 1.0850 if current support fails to hold.