๐ EUR/USD: Breakout or Breakdown This Week?
๐ฅ After three straight weeks of gains, EUR/USD is stalling below the 1.0900 mark, as USD strength returns and rate cut hopes fade. Is this the end of the rallyโor just a pause?
๐ Weekly Outlook (July 20โ26, 2025)
๐ Last week, EUR/USD edged higher but struggled to break above the critical 1.0900 resistance, signaling weakening bullish momentum.
๐บ The USD gained traction on stronger U.S. retail sales and industrial outputโcooling expectations of a Fed rate cut.
๐ช๐บ Meanwhile, the ECB is expected to ease policy in Q4, which continues to weigh on the euro.
Technical Levels to Watch:
- Major Resistance: 1.0900 โ 1.0935
- Immediate Support: 1.0800 โ 1.0775
- A break below 1.0800 could trigger further downside toward 1.0700.
๐ฏ The takeaway:
- Swing Traders: Consider short positions around 1.0900 with a stop above 1.0950 and target at 1.0800.
- Day Traders: Watch for breakout opportunities during the Eurozone PMI (July 23) and U.S. GDP release (July 25).
- Avoid chasing highs unless price confirms a strong breakout.
๐ฌ Whatโs your take?
Is the EUR/USD rally overโor just taking a breather?
๐ Special Gift Just for You is waiting in the link below!
ย ๐ Check it out now โ donโt miss out today!
