From a fundamental perspective, recent headlines have failed to provide meaningful support for the euro. The temporary easing of U.S.–Europe tariff tensions has weakened the “risk-off” environment, removing the need for capital to seek refuge in EUR. In contrast, the U.S. dollar has benefited as market focus shifts back toward U.S. yields and Fed expectations, especially ahead of the upcoming FOMC meeting. This backdrop creates a fundamentally bearish bias for EURUSD.
On the technical side, the picture is quite clear. After a strong upside impulse, price was firmly rejected at the major resistance zone around 1.1740–1.1760 — precisely the area marked as “Strong Resistance”. At this level, buying pressure failed to sustain the rally, and the market began transitioning into a distribution phase.
At present, price is trading inside the Ichimoku cloud, signaling that bullish momentum has clearly weakened. The 1.1700 area is acting as short-term support, but it is a fragile level. Should this zone be broken, EURUSD is highly likely to slide toward the lower support region around 1.1610–1.1550.
Notably, any current upside move is more likely a technical rebound aimed at liquidity creation, rather than the start of a new bullish trend. As long as price remains below the 1.1740 resistance, every rally should be viewed as an opportunity for sellers, not a reason to chase long positions.
On the technical side, the picture is quite clear. After a strong upside impulse, price was firmly rejected at the major resistance zone around 1.1740–1.1760 — precisely the area marked as “Strong Resistance”. At this level, buying pressure failed to sustain the rally, and the market began transitioning into a distribution phase.
At present, price is trading inside the Ichimoku cloud, signaling that bullish momentum has clearly weakened. The 1.1700 area is acting as short-term support, but it is a fragile level. Should this zone be broken, EURUSD is highly likely to slide toward the lower support region around 1.1610–1.1550.
Notably, any current upside move is more likely a technical rebound aimed at liquidity creation, rather than the start of a new bullish trend. As long as price remains below the 1.1740 resistance, every rally should be viewed as an opportunity for sellers, not a reason to chase long positions.
交易結束：目標達成
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