Trading Insights

EUR/USD

Euro Under Pressure Amid French Political Risk


The euro trades cautiously bearish after rebounding briefly before trending lower again. Sticky U.S. inflation data supported the dollar, while Europe’s challenges mount—Germany’s unemployment hit a 10-year high at 3.025 million, and France faces widening bond spreads ahead of a September 8 confidence vote for PM Bayrou. RSI near 50 signals weakness, and MACD shows fresh selling pressure.
Key Levels: Support at 1.1658 / 1.1577 | Resistance at 1.1730