EURUSD has been falling heavily from the past couple of weeks now, the recent few days have been a nightmare for EURUSD. It has dropped almost 5% in recent few days.

The Reason Behind this EURUSD Crash is the Russia-Ukraine War Conflict. As the Ukraine is directly related to EUROPE so invasion on Ukraine is causing the weakness and hence low demand of EURO that eventually make prices to go down.

Technically we can see EURUSD has been making lower lows and lower highs on all major timeframes. The current market structure is bearish and price is more likely to go down.

From the above chart we can clearly see the Bearish outlook of EURUSD. The nearest support is around 1.08024 and price is expected to fall towards this zone in the incoming days.