📉 EUR/USD Intraday Outlook — May 23, 2025

🔹 Current Sentiment: Bearish
🔹 Key Levels:

1 --> Resistance: 1.1305

2 --> Support: 1.1045

🔍 Market Snapshot:

EUR/USD is showing mild downward momentum after softer Eurozone PMI data signaled contraction in business activity. This puts pressure on the ECB to consider easing policies, weighing on the Euro. Meanwhile, USD strength remains a factor amid global economic uncertainties.

📊 Technical Insight:

Price action hovers below key moving averages, facing resistance near 1.1305. A decisive break below 1.1045 could trigger further downside.

🎯 Trade Idea:

Monitor short opportunities on rejection near resistance

Use tight stops near 1.1350

Target support around 1.1045 for potential profits

⚠️ Risk Reminder:

Always manage your risk — consider market volatility and adjust position sizes accordingly.

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