The euro fell below $1.16, its lowest since mid-October, pressured by a stronger U.S. dollar after the Fed’s 25 bps rate cut. Although expected, Chair Powell signaled no further cuts this year. The ECB is expected to keep rates unchanged for a third meeting on October 30, reflecting caution amid steady growth and easing inflation. Eurozone inflation rose to 2.2% in September, while GDP grew 0.1% for the second straight quarter.
From a technical view, the euro faces resistance near 1.1680, with strong support around 1.1600.
EUR/USD saw mild buying in Friday’s Asian session, edging up after a two-day drop but staying near its monthly low around 1.1550–1.1540. The pair traded near 1.1575, up less than 0.10%, lacking strong momentum. The dollar’s consolidation near its highest since early August continues to pressure the euro, with a notable USD pullback unlikely amid the Fed’s hawkish stance.
Technically, 1.1560 is the key support, while resistance is seen at 1.1600.
On the M5 timeframe, prices tended to be flat during the Asian session. Overall, EURUSD appears to be in a bearish bias, indicating a stronger USD. Here, I attempted a sell limit, waiting for the price to bounce near 1.15050.
EUR/USD stabilized near 1.1490 in Wednesday’s Asian session, halting a five-day decline as expectations of a measured ECB approach supported the Euro. The ECB held rates steady for a third consecutive meeting in October, pointing to consistent inflation, moderate growth, and ongoing uncertainty. Recent data showing inflation slightly above target, stronger Q3 GDP, and firmer business sentiment helped reduce downside pressure on the currency.
Technically, 1.1430 is the key support, while resistance is seen at 1.1520.
EURUSD attempted to recover yesterday, drawing an indecision candle. I think it’s worth keeping an eye out for a short-term reversal, even though the USD is fundamentally stronger.
Major currencies and commodities traded cautiously on Thursday after stronger U.S. labor and services data reduced expectations for further Fed rate cuts this year. EUR/USD steadied near 1.15 after a five-day slide, supported by the ECB’s steady guidance.
The euro steadied near 1.15 on Thursday, pausing a five-day decline after fresh US data reduced expectations for a December Fed rate cut. The ECB held rates and maintained its outlook on growth and inflation, while the dollar strengthened on hawkish Powell comments and stronger ADP jobs and ISM services data.
Technically, 1.1450 is the key support, while resistance is seen at 1.1530.
I see a bullish bias on EURUSD. After dropping to around 1.14700, the price rebounded to around 1.15400. This increase is due to the US Dollar Index falling below 100 yesterday. If the USD strengthens again, EURUSD may fall again today. Conversely, if the DXY falls further below 100, EURUSD could extend its gains.
Global Markets Split as Fed Bets Shift (11.07.2025)
Global markets were mixed on Friday as cautious central bank comments and uneven U.S. data shaped investor sentiment. The euro eased after the ECB signaled patience on rate changes, while the yen strengthened amid renewed safe-haven demand as tech stocks slumped.
The euro eased slightly on Friday, trimming prior gains as ECB officials maintained a cautious stance on rate policy. Villeroy de Galhau emphasized flexibility in decisions, while Germany’s Nagel urged vigilance on inflation. Vice President de Guindos added that inflation below 2% is likely temporary, signaling a careful approach to future policy changes.
Technically, 1.1490 is the key support, while resistance is seen at 1.1600.
Agree on the bearish bias, but I’d want fresh catalysts before pressing. Are you aligning your DM positioning read with H4 swing structure and upcoming data? If 1.1685 gives, I’d trail aggressively; if not, I’ll fade into the next lower high
