The EUR/USD pair is trading lower, influenced by a stronger US Dollar and concerns about the European Central Bank (ECB) monetary policy stance.

Key Factors:

• ECB Monetary Policy: The ECB is widely expected to cut interest rates by 25 basis points at its upcoming meeting.
• US Dollar Strength: The US Dollar is gaining ground, supported by the recent release of the US Consumer Price Index (CPI) data and expectations for further Fed rate cuts.
• Geopolitical Risks: The possibility of a Donald Trump presidency is increasing market uncertainty and may be weighing on the Euro.

Technical Analysis:

• Downward Trend: The EUR/USD pair is in a downward trend, with potential for further declines.
• Support Levels: The 1.0900 level and the upward-sloping trendline at 1.0750 are potential support levels.
• Resistance Levels: The 1.1000 level is a key resistance level.
• RSI: The Relative Strength Index (RSI) is in negative territory, indicating a bearish bias.

Overall Outlook:

The EUR/USD pair is likely to remain under pressure, influenced by economic factors, market sentiment, and the European Central Bank’s monetary policy. Traders should monitor technical indicators for signs of a trend reversal.