The EUR/USD pair continues to trade within the 1.1700–1.1750 range, although market sentiment has become increasingly nervous in recent sessions. After several failed attempts to establish a firm breakout above 1.1750, the euro faced renewed demand for the US dollar.
The main catalysts were stronger-than-expected US inflation data and rising geopolitical tensions in the Middle East and around the Strait of Hormuz, which boosted investor demand for safe-haven assets.
Fed expectations and inflation once again support the dollar
Additional pressure on EUR/USD came from fresh US PPI inflation figures that exceeded market expectations. This reinforced doubts about any near-term monetary easing by the Federal Reserve and pushed US Treasury yields higher. As a result, market participants have become more cautious regarding potential US rate cuts, while the ECB maintains a wait-and-see stance after several meetings without changes to monetary policy settings.
Geopolitical risks increase demand for safe-haven assets
Investor sentiment has also weakened due to the lack of progress in negotiations between the United States and Iran. Risks of further escalation in the region continue to support oil prices and strengthen the dollar’s role as a traditional safe-haven currency. Earlier hopes for de-escalation had supported the euro, but the market is now gradually pricing in a more cautious scenario, limiting the upside potential for EUR/USD.
Technical outlook and short-term forecast
From a technical perspective, the pair is still holding above the key support zone around 1.1670–1.1700, where the 200-period moving average on the four-hour chart is located. However, momentum indicators suggest weakening bullish pressure: the RSI remains below the neutral 50 level, while the MACD stays in negative territory. In the near term, resistance is seen around 1.1800–1.1820, while a break below 1.1700 could open the door for a deeper correction toward 1.1670 and lower.
Return to 1.1700, as already mentioned in EUR/USD under pressure as bulls fail to break 1.1800, increases risks of a deeper pullback.
Latest EUR/USD News
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
