EUR/USD Forecast

The EUR/USD pair is showing early signs of a bullish breakout after rebounding from support post-Fed rate cut.

EUR/USD remains range-bound ahead of the FOMC decision, with the pair hovering around 1.16. Traders are watching Powell’s tone for clues on future rate cuts. Without a dovish surprise, fading rallies remains the preferred strategy.

Dear reader, as observed in market performance, the EUR/USD pair is showing stability within a short-term ascending triangle pattern, with the price currently testing the horizontal resistance level at the psychological mark of 1.1650. This chart pattern typically signals bullish continuation, suggesting the possibility of an upward breakout. The EUR/USD is trading around the 1.1645 level, hovering just below the resistance area that has capped gains since late November.

EUR/USD trades within an ascending channel near 1.1650, awaiting direction from key US jobs data and the Fed’s rate decision, with technical indicators hinting at a possible bullish continuation.

EUR/USD remains range-bound ahead of Wednesday’s FOMC decision, with traders awaiting clues on the Fed’s tone while technical levels between 1.14 and 1.18 define the current consolidation zone.

EUR/USD is holding steady near 1.1640 as bullish momentum persists, but narrow trading is expected ahead of the US Fed decision; strong Eurozone data supports the euro, while traders await major US policy signals.

EUR/USD remains directionless ahead of the FOMC decision, with the euro struggling to gain momentum amid neutral inflation data and growing expectations for stronger U.S. economic performance.

The euro retreats after testing 1.17, as upcoming U.S. PCE data and the FOMC decision threaten to revive dollar strength and disrupt recent euro gains.

EUR/USD trades with a bullish bias ahead of key Eurozone inflation data, supported by rising European bond yields and softening U.S. rate expectations, with a breakout toward 1.18 in sight.

EUR/USD continues drifting higher but faces resistance, with traders awaiting next week’s FOMC decision for clearer direction amid diverging U.S.-Eurozone economic outlooks.

EUR/USD trades neutrally near 1.1600 as stronger-than-expected inflation data offers modest support, but bulls need a stronger catalyst—like ECB commentary or U.S. labor data—to break decisively toward 1.1800.

EUR/USD continues to struggle near 1.16 amid fading rallies and uncertainty ahead of the FOMC, with technical resistance and fundamental divergence favoring a mildly bearish outlook.

EUR/USD trades near 1.1600 in a neutral triangle pattern, with a breakout likely as traders await Eurozone inflation data and Fed policy clues, amid growing divergence between ECB and Fed outlooks.

The euro’s rally against the US dollar stalled near 1.1650 on Monday, as market uncertainty ahead of the Fed's decision keeps EUR/USD trading choppy with a slight bearish bias.

EUR/USD remains in a neutral range near 1.1600, with traders eyeing PMI data and geopolitical developments for a breakout above 1.1700 or a drop below 1.1500.