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EUR/USD: The price continues to fall as pessimism grows.

The EUR/USD sustains the pessimism seen at the start of the week and trades slightly on the defensive on Tuesday, despite the greenback's minor recovery, as US markets resume normal activity following Monday's holiday.

There is no new information on the macro scenario for the pair, which continues to monitor developments/messages from both the European Central Bank (ECB) and the Federal Reserve when it comes to the future interest rate decisions, particularly beyond the approaching March events.

EUR/USD loses traction amid the modest rise in the greenback on Tuesday, as the release of major results from fundamentals on both sides of the Atlantic is set to take center stage.

Meanwhile, market activity around the European currency should continue to closely track dollar dynamics, as well as the ECB's likely next actions as the bank has already forecasted another 50 basis point rate hike at the March event.

Returning to the eurozone, recession fears appear to be fading, but they remain a key driver of the single currency's ongoing recovery as well as the ECB's hawkish narrative.