For the past couple of days, the trading value of the EUR/USD pair has been moving in the bearish zone. It seems that the two-day bearish momentum may get extended.

The Tuesday trading session has also witnessed a downward movement for the EUR/USD pair. The price of the pair has continued moving in downward momentum.

The Bears aim for 1.0100

The graph shows that the bears are constantly pushing from their end so the trading price of the EUR/USD pair gets pulled to 1.0100.

The latest trading session has already managed to pull the trading price of the pair close to the 1.0100 mark.

The bears may attempt to extend the bearish trend so the value of the pair may continue getting pulled even lower.

Although it seems that the market may be determined to deflect the bearish trend and make it bullish, still, the bears are not losing their confidence.

They have been selling the pair to bring its value down to the 1.0100 level.

Stock Preference by the Wall Street

In recent days, Wall Street has announced that it expects significant growth in stocks in the upcoming days. It is not just the prediction but that Wall Street is also preferring a growth in the stock prices.

Although the US stock markets are performing better, the situation for the Asian and other markets is still not making a recovery.

Recession Fears

The investors are being very cautious due to the bad situation of the Asian markets. It is due to the bad performance of the Asian markets the investors are very cautious as they fear for recessionary factors.

The recession is something that is becoming a possibility in almost every part of the world. This fear is causing the investors to be very cautious and not make investments that may result in huge losses.

For now, the investors are not going in for the investments and assets that they consider to be risky. Instead, they are holding on to the dollar as they consider it to be a safe haven given the current circumstances.

Treasury Yields and Dollar’s Firmness

It is to be kept in mind that despite the weakness that has been recorded in the Treasury yields, the performance of the USD index is steady.

Rate Hikes by the Feds

For the time being, the market and the investors are trying to assess the possibility of a recession. It is based on the rate hikes that the Feds are going to announce in the upcoming days.

The investors are currently waiting for the meeting minutes to come out between the Feds. They want to know exactly what the Feds have in mind about the policies of the central bank in the future.