EURUSD Under Heavy Pressure from Long-Term Resistance and Bearish Formation

EURUSD is falling with strong incoming U.S. data. In the last two jobs reports, unemployment fell by 0.1% in each, showing there is no need to panic about a hard landing scenario where the Fed would need to cut rates aggressively. The FOMC minutes and speeches from some members also indicate that the Fed will continue to cut rates but is not in a hurry to do so.