We can analyze some of the current factors that may influence the price direction of the EUR/USD pair:
Interest rate differential: Currently, there is a gap between interest rates in the United States and the Eurozone. If this gap continues to widen, it could support the US dollar and put downward pressure on the euro.
Inflation: Inflation levels in both regions play a significant role in determining central bank policies. If inflation remains high in the United States, it could push the Federal Reserve to raise interest rates further.
Ukraine crisis: The ongoing Ukraine crisis continues to impact the European economy and increases market uncertainty.
Economic recession: Fears of a global economic recession could negatively affect all assets, including the EUR/USD pair."