EUR/USD Faces Continued Downside Pressure as Dollar Maintains Edge

EUR/USD remains under bearish pressure as the US dollar continues to hold the upper hand against the euro. The pair has struggled to mount a meaningful recovery, with fundamental and technical factors favoring further dollar strength. Oil market dynamics, particularly movements in Brent crude futures, are adding complexity to the macro backdrop, potentially influencing risk sentiment and dollar demand as a safe-haven currency. The greenback's resilience is underpinned by relatively hawkish Federal Reserve expectations compared to a more cautious European Central Bank stance. From a technical perspective, sellers remain in control, with the pair likely encountering resistance on any corrective bounces. Key support levels are being closely watched for signs of a breakdown that could accelerate losses. Traders should monitor upcoming US economic releases and ECB commentary for catalysts that could shift the current directional bias. For now, the path of least resistance for EUR/USD appears tilted to the downside, and short-term rallies may present selling opportunities.