EURUSD is showing signs of exhaustion after soft US CPI failed to extend the rally beyond 1.1495. While markets initially priced in a dovish Fed response, recent commentary and gold’s rejection from its highs suggest the dollar may be gearing up for a short-term recovery. With Gold pulling back and yields stabilizing, EURUSD could now follow suit lower into key support levels—especially if the Fed maintains a patient tone at this week’s meeting.
🔹 EURUSD (4H) Analysis
📉 Bias: Bearish
💡 Context:
EURUSD stalled just below 1.1500 after the CPI miss and now sits at a high-liquidity reversal zone. With DXY stabilizing and gold already rolling over, EURUSD may lag behind but eventually follow the same path. If the Fed leans hawkish or even neutral (ignoring political pressure), it could catalyze a drop toward 1.1268 and below.
📊 Technical Levels:
Resistance Zone: 1.1495–1.1530
Target 1: 1.1268
Target 2: 1.1086
Invalidation: Daily close above 1.1530 (or strong bullish follow-through after FOMC)
🪙 Leading Asset Clue:
Gold has already rejected major resistance (3,390–3,403) and is now pulling lower. Historically, EURUSD tends to follow when metals stall—especially if driven by real yields and Fed dynamics.
⚠️ Fundamentals to Watch:
🏦 FOMC Rate Decision & Dot Plot (June 12)
📈 US PPI + Jobless Claims (June 13)
💬 Fed Chair Powell's Press Conference
📰 Any shift in ECB or Fed rate cut timelines
🧠 Risk Factors:
Fed surprise dovish shift due to CPI softness
Market overreacts to rate cut expectations
Geopolitical risk-off flows favoring EUR
✅ Summary: Bias and Watchpoints
📌 Final Note:
Gold is leading the turn as dollar strength resurfaces. EURUSD may lag initially but the macro context favors downside from this key resistance zone. Watch the Fed for confirmation—positioning into 1.1268 and 1.1086 looks attractive if the dollar gains traction post-FOMC.
🔹 EURUSD (4H) Analysis
📉 Bias: Bearish
💡 Context:
EURUSD stalled just below 1.1500 after the CPI miss and now sits at a high-liquidity reversal zone. With DXY stabilizing and gold already rolling over, EURUSD may lag behind but eventually follow the same path. If the Fed leans hawkish or even neutral (ignoring political pressure), it could catalyze a drop toward 1.1268 and below.
📊 Technical Levels:
Resistance Zone: 1.1495–1.1530
Target 1: 1.1268
Target 2: 1.1086
Invalidation: Daily close above 1.1530 (or strong bullish follow-through after FOMC)
🪙 Leading Asset Clue:
Gold has already rejected major resistance (3,390–3,403) and is now pulling lower. Historically, EURUSD tends to follow when metals stall—especially if driven by real yields and Fed dynamics.
⚠️ Fundamentals to Watch:
🏦 FOMC Rate Decision & Dot Plot (June 12)
📈 US PPI + Jobless Claims (June 13)
💬 Fed Chair Powell's Press Conference
📰 Any shift in ECB or Fed rate cut timelines
🧠 Risk Factors:
Fed surprise dovish shift due to CPI softness
Market overreacts to rate cut expectations
Geopolitical risk-off flows favoring EUR
✅ Summary: Bias and Watchpoints
- EURUSD
- Bearish
- Fed holding firm vs. ECB easing bias
- Fed turning dovish post-CPI (Top Risk)
- FOMC Rate Decision, PPI, Powell
📌 Final Note:
Gold is leading the turn as dollar strength resurfaces. EURUSD may lag initially but the macro context favors downside from this key resistance zone. Watch the Fed for confirmation—positioning into 1.1268 and 1.1086 looks attractive if the dollar gains traction post-FOMC.
Trade closed: stop reached
📈Forex Telegram Alerts
🥇95% Accurate Signals
♻️1-2 Daily Signals
✔️Free Daily Profitable Signals
⤵️‼️Join us on Telegram‼️⤵️
📱Telegram:➡️ t.me/ultreos_forex
Get VIP - ultreosforex.com/
🥇95% Accurate Signals
♻️1-2 Daily Signals
✔️Free Daily Profitable Signals
⤵️‼️Join us on Telegram‼️⤵️
📱Telegram:➡️ t.me/ultreos_forex
Get VIP - ultreosforex.com/
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.
📈Forex Telegram Alerts
🥇95% Accurate Signals
♻️1-2 Daily Signals
✔️Free Daily Profitable Signals
⤵️‼️Join us on Telegram‼️⤵️
📱Telegram:➡️ t.me/ultreos_forex
Get VIP - ultreosforex.com/
🥇95% Accurate Signals
♻️1-2 Daily Signals
✔️Free Daily Profitable Signals
⤵️‼️Join us on Telegram‼️⤵️
📱Telegram:➡️ t.me/ultreos_forex
Get VIP - ultreosforex.com/
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.