EUR/USD Bears Target 1.0250 on Fed-ECB Policy Divergence

EUR/USD extended its decline to 1.0275, down 0.4% intraday, as diverging central bank policies weigh heavily on the pair. The catalyst was stronger-than-expected US jobless claims falling to 201K versus 218K forecast, combined with upbeat PPI data showing 0.4% monthly gain and retail sales surprising to the upside at 0.6% growth. This data reinforces the Federal Reserve's patient approach to rate cuts, contrasting sharply with ECB officials signaling potential accelerated easing amid eurozone growth concerns. Technical indicators show bearish momentum accelerating, with the pair breaking below the 1.0300 psychological support. The 50-day moving average at 1.0340 now acts as resistance. Immediate support lies at 1.0250 (December 2023 low), with a break potentially opening the path to 1.0200. RSI at 35 suggests oversold conditions approaching, but fundamental divergence favors continued euro weakness against the resilient dollar.