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."