The current outlook for $EURUSD is neutral to slightly bearish.
While the pair shows resilience, significant headwinds persist.
Key Factors
• Bullish Support: Cooling US inflation data has provided a floor near 1.1400.
• Bearish Pressure: Rising geopolitical tensions in the Middle East are boosting crude oil prices and driving demand for the US Dollar as a safe haven.
Technical Structure:
The pair is currently in an ABC upward corrective pattern with limited room for further gains. Technical Levels
• Resistance: 1.1480 – 1.1510
• Support: 1.1440 – 1.1410 Expectation: A reversal is anticipated in the near term as the corrective structure exhausts its upside potential.
