EUR/USD maintains cautiously bullish outlook, showing strength as US yields stay elevated. Euro touched R1 and retraced yesterday. Somewhat better JOLTS report helped USD strength yesterday, though elevated yields likely to keep USD strength in check. ECB President Lagarde pointed toward rate hikes in coming cycles to control inflation—monetary policy divergence likely to lead to USD strength considering systematic advantages.
Key Levels: Support at 1.15086 | Resistance at 1.16928
Investor Takeaway: R1 rejection confirmed; ECB-Fed divergence favors medium-term dollar despite near-term yield dynamics creating Euro support at elevated levels.
