EURUSDEuro / US Dollar
1.1620
-0.15%
SUPPORT:1.15661.1512
RESISTANCE:1.16741.1728
Past
What happened
EUR/USD held 1.1620 in a tight range overnight as DXY sagged to 99.31. The single currency clipped 22 pips off yesterday's AM print despite a broadly soft dollar, capped by month-end rebalancing flows.
Why
Why it matters
Dollar weakness is reading as risk-on, not euro strength — Iran-ceasefire wobble keeps oil bid, and a hot 3.8% YoY PCE consensus tomorrow pins Fed-cut hopes back. EZ data this week stays soft, so EUR isn't leading.
Watch
What to watch
15:30 TRT US GDP revision and 09:00 TRT EZ confidence prints today, but the binary catalyst is Friday's PCE. A 1.1648 break opens 1.1700; failure here drags to 1.1565 ATR support.
HEADLINES