EUR/USD Daily Analysis: Key Support Test at 1.0800

EUR/USD is testing the critical 1.0800 support level — a level that has been defended twice in the past month and aligns with the 200-day moving average. The daily candle has formed a hammer/pin bar at this level today, suggesting buyers are stepping in. However, the broader trend remains bearish since the April high, with lower highs and lower lows on the daily chart. Scenarios: **Bull case:** Close above 1.0850 today → momentum shift, targeting 1.0920–1.0950 **Bear case:** Close below 1.0800 → open road to 1.0720 and 1.0680 support zones Key inputs this week: Eurozone CPI (Wednesday), ECB speakers (ongoing), US retail sales (Thursday). The EUR has been under pressure from ECB dovish signaling — they're now expected to cut rates before the Fed. This fundamental headwind makes any long trade a counter-trend play requiring tighter risk management. Are you watching this 1.0800 level on EUR/USD today?