EUR/USD Plunges as Eurozone Economic Data Falters

The EUR/USD currency pair is under renewed selling pressure due to softer Eurozone economic data and divergent monetary policy expectations between the Federal Reserve and the European Central Bank.

Momentum indicators suggest further downside could unfold if key support levels break, with analysts eyeing a potential decline toward the 1.1400 support zone in the coming sessions.

The euro has weakened against the dollar as market participants reassess the interest rate outlook on both sides of the Atlantic, and recent economic data from the Eurozone has shown signs of softening while the U.S. economy continues to exhibit resilience.