EUR/USD Price Analysis: Pair eases toward mid-range despite holding bullish structure
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The EUR/USD currency pair experienced a mild decline during Monday's trading session, settling near the 1.08 zone. Despite the intraday bearish price action, longer-term technical indicators continue to signal an underlying bullish structure for the currency pair.
March 31, 2025 | 4:30 pm
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NEGATIVE IMPACT
The Invesco DB US Dollar Index Bullish Fund (UUP) might experience downward pressure if the EUR/USD pair maintains its bullish technical structure.
The bullish EUR/USD trend suggests potential weakening of the US dollar, which could negatively impact the UUP ETF that tracks the dollar's performance.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 70