EUR/USD Struggles to Find Support Amid Ongoing Dollar Strength

The euro continues to face challenges in the short term due to its struggle to regain ground against a U.S. dollar that remains firmly supported.

This is reflected in EUR/USD, which has recorded three consecutive losing sessions and a decline of roughly 0.6%.

Even after the release of the latest U.S. inflation data, selling pressure persisted, suggesting the market favors the dollar over the euro.

The Core Personal Consumption Expenditures (PCE) report showed a monthly reading of 0.2%, below market expectations of 0.3%.