EUR/USD: Weighing the Downside Risks for a Positional Short Amidst Macro Divergence

Namaste, everyone. Rishi Joshi here, bringing you my latest market outlook, this time focusing on EUR/USD. The pair is currently trading at 1.08216, having seen a -0.26% change over the last 24 hours, indicative of the cautious sentiment prevailing. While the day range has been between 1.0779 and 1.08642, the overall trend has been notably sideways. However, looking at the full picture, I've identified a compelling opportunity for a positional short.

Fundamental Perspective: The Macro Divergence

Consider the following: the economic trajectories of the Eurozone and the United States are presenting a noticeable divergence, which I believe will exert downward pressure on EUR/USD in