EUR/USD has staged a clean rebound since August as soft U.S. data and dovish Fed expectations weighed on the dollar, while Eurozone resilience added support. July’s pullback was tied to U.S.–EU tariff developments, but momentum has since shifted, with RSI showing further room to the upside.
Key resistance at 1.1800 is now under pressure—holding above here opens the path toward the 1.20 multi-month target. If resistance caps price again, we could see another corrective pause.
The story remains centred on U.S. data surprises and rate-cut expectations, alongside Eurozone growth signals.
Key resistance at 1.1800 is now under pressure—holding above here opens the path toward the 1.20 multi-month target. If resistance caps price again, we could see another corrective pause.
The story remains centred on U.S. data surprises and rate-cut expectations, alongside Eurozone growth signals.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.