EUR/USD pressured by weak Eurozone growth and strong dollar momentum

EUR/USD remains under pressure near 1.0800, declining 0.2% as weak Eurozone economic momentum contrasts with persistent dollar strength. The single currency faces headwinds from disappointing German industrial production data and concerns over slowing regional growth, while the US dollar maintains its appeal amid expectations of sustained Federal Reserve hawkishness. Recent ECB communications suggest the central bank may pause its tightening cycle, further weighing on euro sentiment. Technical indicators show EUR/USD testing support at 1.0780, with the 50-day moving average providing resistance at 1.0830. A break below current support could accelerate declines toward 1.0750, while any recovery attempts face significant hurdles at 1.0850. Traders are positioning defensively ahead of this week's US inflation data, which could reinforce dollar strength if it exceeds expectations. The pair's near-term outlook remains bearish unless Eurozone data improves markedly.