Eurusd bullish or bearish

The EUR/USD currency pair is currently showing bearish signals in the short term, based on the following analysis: 1. **Technical Indicators**: The EUR/USD pair is trading below the lower limit of the ascending regression channel and stays a tad below the 100-period Simple Moving Average (SMA) on the 4-hour chart. Additionally, the Relative Strength Index (RSI) indicator stays near 40, reaffirming the bearish stance in the short term. 2. **Recent Price Movement**: The pair has failed to gather momentum, trading below 1.1700 at the end of the week. After closing marginally lower on Thursday, EUR/USD stayed on the back foot on Friday. This bearish action in Wall Street heading into the weekend could help the USD stay resilient and make it difficult for EUR/USD to shake off the bearish pressure. 3. **Macro Factors**: The continued demand for the US Dollar keeps the risk complex under extra pressure. US President Trump is expected to send a tariff letter to the European Union, which could further pull down the pair due to the dimmed prospects for an EU-US trade accord. 4. **Long-Term Outlook**: While the long-term outlook might be different, the current short-term indicators and market sentiment suggest a bearish trend for EUR/USD. In conclusion, the EUR/USD pair is showing bearish signals in the short term, primarily due to technical indicators, recent price movement, macro factors, and market sentiment.