EUR/USD edges toward $1.1750 as momentum fades into month-end
EUR/USD trades near 1.1720 as bulls approach key resistance at 1.1750
The euro is holding firm against the U.S. dollar on 30th June 2025, with EUR/USD trading near 1.1719 after a sharp rally that began in mid-April. Price action has now entered a critical technical zone between 1.1750 and 1.18, where prior liquidity imbalances and resistance may challenge further upside.
Highlights
- EUR/USD trades near 1.1719 after an extended rally from April lows
- Bulls face key resistance near 1.1750–1.1800 with fading short-term momentum
- A break above 1.1800 opens room toward 1.1850–1.1900, while 1.1650 remains a key support zone
With multiple bullish structure signals on the daily chart and strong support from key trendlines, the pair remains in a defined uptrend—but signs of short-term exhaustion are beginning to emerge.
Bulls test major resistance zone as rally stalls
Smart Money Concepts (SMC) charts show a well-defined bullish trajectory marked by consistent Breaks of Structure (BOS), including the most recent breakout just under 1.17. However, price has now entered a region marked as a “weak high,” increasing the risk of a short-term reversal. The liquidity sitting above 1.1750 could attract a brief spike, but without a sustained close above 1.18, the move could fade.
EUR/USD price dynamics (Source: TradingView)
The pair remains well-supported on higher timeframes, with key demand zones at 1.1530–1.1550 and 1.1350–1.1400, while an ascending trendline from June has continued to guide price higher. A confirmed break above 1.1800 would likely open the door to 1.1850 and 1.1900, while any rejection from this zone could trigger a retracement toward 1.1650.
Momentum indicators hint at pause in trend strength
On the 4-hour chart, EUR/USD remains above all major EMAs, with the 20 EMA at 1.1689 and the 50 EMA at 1.1624, reinforcing trend strength. Bollinger Bands have begun to widen, but price hugging the upper band signals short-term overextension. Meanwhile, the 30-minute RSI has cooled to 47.91, and the MACD is flat, both pointing to reduced momentum ahead of a possible consolidation or pullback.
In our previous coverage of EUR/USD, we noted how bullish structure and BOS patterns suggested strength, provided price maintained support above 1.1550. This outlook remains valid, with the current test of 1.1750–1.1800 likely to determine the pair’s July direction.
