EUR/USD held recent gains as elevated US yields supported range-bound trading ahead of today’s ECB rate decision. While the US CPI miss briefly weighed on the dollar, it lacked sufficient follow-through to drive a decisive move. Markets remain focused on policy divergence and forward guidance rather than backward-looking inflation data.
Key Levels: Support 1.15086 | Resistance 1.18328
Investor Takeaway: RSI has rolled below its MA, signaling fading momentum. A hawkish ECB outcome presents a tactical bullish case, but a sustained reversal would require structural confirmation beyond rate differentials.
