Outlook: Cautiously Bearish
Time Horizon: 1 Day
- Euro has reversed last Friday’s losses and entered a short-term uptrend.
- Strength largely reflects falling US yields rather than Euro-area fundamentals.
- RSI near 67 and trending higher above its moving average.
- MACD confirms rising bullish momentum.
Key Levels:
Support: 1.1509 | Resistance: 1.1833
Investor Takeaway:
While momentum favors the Euro short term, sustainability depends on further USD yield compression. Structural headwinds remain unresolved.
