EURUSD remains supported by strong eurozone fundamentals and broad USD softness. The pair has retraced into a key demand zone around 1.1490 and is showing signs of bullish rejection. With the Fed likely to pause further rate hikes and the ECB maintaining a steady tone, the bias favors further upside toward recent highs.
⚠️ Geopolitical tensions in the Middle East (Israel-Iran conflict) have introduced mild safe haven demand, but so far the USD has underperformed versus the euro, suggesting EUR remains relatively insulated.
Watch for confirmation and entries within the blue demand box.
🔍 Technical Analysis:
Structure: Clear uptrend with higher highs and higher lows. Price retraced to a well-defined 1H demand zone between 1.1490–1.1500.
Setup: Anticipating a bounce from the demand zone targeting the recent high near 1.1620–1.1630.
Entry Zone: 1.1490–1.1500 (bullish reaction area)
Target: 1.1620–1.1630 (previous supply zone)
Stop Loss: Below 1.1439 (recent swing low)
Risk-Reward Ratio: Approximately 1:2.5
🧠 Fundamental Context (as of June 16):
EUR Bias: Bullish – ECB has paused cuts; euro is resilient despite geopolitical headwinds.
USD Bias: Bearish – Fed is on pause; soft inflation data and geopolitical risks weigh on dollar strength.
Key Drivers:
Fed dovish tone (FOMC pause, lower CPI)
Strong EU resilience despite global tensions
CHF and JPY attracting safe haven flows over USD
📅 Key Events to Watch:
US Core PCE (next major inflation readout)
FOMC commentary and Fed speakers
Eurozone CPI and sentiment data
⚠️ Geopolitical tensions in the Middle East (Israel-Iran conflict) have introduced mild safe haven demand, but so far the USD has underperformed versus the euro, suggesting EUR remains relatively insulated.
Watch for confirmation and entries within the blue demand box.
🔍 Technical Analysis:
Structure: Clear uptrend with higher highs and higher lows. Price retraced to a well-defined 1H demand zone between 1.1490–1.1500.
Setup: Anticipating a bounce from the demand zone targeting the recent high near 1.1620–1.1630.
Entry Zone: 1.1490–1.1500 (bullish reaction area)
Target: 1.1620–1.1630 (previous supply zone)
Stop Loss: Below 1.1439 (recent swing low)
Risk-Reward Ratio: Approximately 1:2.5
🧠 Fundamental Context (as of June 16):
EUR Bias: Bullish – ECB has paused cuts; euro is resilient despite geopolitical headwinds.
USD Bias: Bearish – Fed is on pause; soft inflation data and geopolitical risks weigh on dollar strength.
Key Drivers:
Fed dovish tone (FOMC pause, lower CPI)
Strong EU resilience despite global tensions
CHF and JPY attracting safe haven flows over USD
📅 Key Events to Watch:
US Core PCE (next major inflation readout)
FOMC commentary and Fed speakers
Eurozone CPI and sentiment data
Trade active
Trade closed: target reached
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🥇95% Accurate Signals
♻️1-2 Daily Signals
✔️Free Daily Profitable Signals
⤵️‼️Join us on Telegram‼️⤵️
📱Telegram:➡️ t.me/ultreos_forex
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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.