Yoooo, EUR/USD is having hassle making new highs above a key resistance zone!
Will this result in the pair making new Q3 2025 lows?
Right here’s what we’re seeing on the every day time-frame:
EUR/USD Day by day Foreign exchange Chart by TradingView
Easing U.S.-EU commerce tensions and hopes for a Russia-Ukraine peace deal have stored demand for the euro supported, driving EUR/USD increased for the reason that begin of the month.
In the meantime, the greenback has struggled to increase positive factors as Treasury yields retreat, questions over Fed independence linger, and markets reduce expectations for aggressive fee cuts.
Consideration now turns to Powell’s remarks on Friday. Any sign of future easing may reset pre-Jackson Gap positioning and ship the greenback sharply increased.
Keep in mind that directional biases and volatility circumstances in market value are sometimes pushed by fundamentals. In case you haven’t but executed your fundie homework on the U.S. greenback and the euro, then it’s time to take a look at the financial calendar and keep up to date on every day basic information!
EUR/USD has been trending decrease since late June, when it bumped into resistance on the 1.1800 psychological stage.
The pair is now hovering close to 1.1650, which traces up with the R1 Pivot Level at 1.1695 and the highest of the descending channel that has been in play for the reason that present downtrend began.
Contemporary and decisive bearish candlesticks may arrange a transfer towards the 1.1550 mid-channel space and doubtlessly all the way down to the 1.1400 channel help.
However, a break above 1.1750 with sustained momentum would open the door for a retest of 1.1800 and probably recent 2025 highs close to 1.2000.
Whichever bias you find yourself buying and selling, don’t neglect to follow correct threat administration and keep conscious of top-tier catalysts that would affect total market sentiment.
Disclaimer:
Please remember that the technical evaluation content material offered herein is for informational and academic functions solely. It shouldn’t be construed as buying and selling recommendation or a suggestion of any particular directional bias. Technical evaluation is only one facet of a complete buying and selling technique. The technical setups mentioned are meant to focus on potential areas of curiosity that different merchants could also be observing. Finally, all buying and selling choices, threat administration methods, and their ensuing outcomes are the only duty of every particular person dealer. Please commerce responsibly.
