EUR/USD 23.10.2023

Over a significant duration, the Euro has demonstrated a consistent bearish trajectory against major currencies. Several economic factors, ranging from sluggish growth in the Eurozone to political uncertainties, have weighed heavily on its value. Additionally, the monetary policies adopted by the European Central Bank (ECB), primarily aiming at stimulating the economy, have inadvertently applied downward pressure on the currency. While the precise duration and future outlook of this trend remain to be seen, it's evident that the Euro has been navigating choppy financial waters for an extended period. Investors and traders are keenly watching for signs of a potential reversal or continuation of this bearish phase.