EURUSD is showing signs of weakness after a strong rejection at the 1.16300 resistance zone — a level that previously acted as a distribution area. Despite a brief rebound driven by mixed PMI data, the Euro failed to maintain its momentum and is now turning lower.
If price breaks below the support zone around 1.15400 — which aligns with both the trendline and an old FVG — a deeper decline toward the 1.15000 level could be triggered. Continued failure to surpass the 1.16300 resistance would further strengthen the corrective pressure.
On the fundamental side, expectations for the ECB to hold rates steady and weaker-than-expected Eurozone data are dampening the Euro’s outlook. Meanwhile, the US Dollar remains firm on safe-haven demand, with upcoming US GDP and Core PCE data likely to drive short-term direction.
If price breaks below the support zone around 1.15400 — which aligns with both the trendline and an old FVG — a deeper decline toward the 1.15000 level could be triggered. Continued failure to surpass the 1.16300 resistance would further strengthen the corrective pressure.
On the fundamental side, expectations for the ECB to hold rates steady and weaker-than-expected Eurozone data are dampening the Euro’s outlook. Meanwhile, the US Dollar remains firm on safe-haven demand, with upcoming US GDP and Core PCE data likely to drive short-term direction.
Trade active
Top trading opportunities are waiting for you! : t.me/+aljKUwb-ar1jNDg1
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
Related publications
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.
Top trading opportunities are waiting for you! : t.me/+aljKUwb-ar1jNDg1
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
Related publications
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.