Euro Winding Up for Another Leg Lower
EUR/USD has been trading inside a descending channel since peaking near 1.2087 at the start of the year, suggesting further downside is likely.
EURUSD
The euro is showing signs of another leg lower against the US dollar. Since topping out near 1.2087 at the beginning of 2026, EUR/USD has traded inside a well-defined descending channel, indicating a slow but controlled decline.
This orderly sell-off suggests that bears remain in control, with the pair continuing to grind lower in a pattern that traders can easily track. The channel's consistency points to further downside pressure in the near term.
Source: FXStreet Forex News