EUR/USD maintains a cautiously bearish bias after entering a sideways consolidation phase. The recent Euro appreciation was largely driven by falling US yields following positive US economic data rather than underlying Eurozone strength.
Momentum indicators reflect a lack of conviction, and without sustained US yield declines or a clear ECB catalyst, upside appears limited.
Key Levels: Support 1.15086 | Resistance 1.18328
Investor Takeaway: RSI near 50 and drifting lower, with flat MACD buying pressure, suggests consolidation rather than trend continuation.
