Outlook: Cautiously Bearish
Timeframe: 1 Day
Technical & Fundamental Outlook
- Elevated US yields capped USD strength last week, allowing the euro to appreciate.
- Better-than-feared JOLTS data briefly supported the dollar, but yield levels remain a constraint.
- ECB rhetoric remains hawkish, with Lagarde signaling potential future hikes.
- This week’s ECB decision and US CPI will be pivotal.
Key Levels
Support: 1.1509 │ Resistance: 1.1833
Investor Takeaway
Near-term EUR resilience masks a fragile macro backdrop; policy divergence risks re-emerging quickly.
