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