EUR/USD Faces Deeper Selling Pressure as Eurozone Growth Weakens Further

EUR/USD is under renewed bearish pressure as deteriorating Eurozone economic growth data weighs heavily on the single currency. Weakening GDP and PMI readings across the bloc are reinforcing concerns that the European economy is losing momentum, widening the growth differential with the United States and undermining euro demand. The European Central Bank faces increasing pressure to maintain or deepen its accommodative stance, while the Federal Reserve's relatively hawkish posture continues to support the U.S. dollar broadly. USD/JPY dynamics and Brent oil futures movements are also influencing broader dollar sentiment, adding complexity to the EUR/USD outlook. From a technical perspective, the pair is testing key support levels, and a decisive break lower could open the door to further downside. Traders should watch upcoming Eurozone inflation and employment releases for confirmation of the weakening trend. The divergence in monetary policy expectations between the ECB and the Fed remains the dominant driver, suggesting sustained downward pressure on EUR/USD in the near term.