💶📉 EUR/USD HOLDS NEAR 1.1750 — MIXED U.S. DATA FAILS TO BOOST THE DOLLAR
EUR/USD is stabilizing around 1.1750 as the U.S. dollar struggles to find momentum, despite a fresh batch of economic data.
📊 What’s happening
• U.S. data came in mixed, offering no clear bullish signal for USD
• Treasury yields remain capped
• Traders are reluctant to add long USD exposure ahead of clearer macro direction
The result: range-bound price action, not a reversal.
🧠 Market read
The dollar isn’t collapsing — but it’s also not convincing buyers.
As long as data lacks consistency, USD strength remains fragile, allowing EUR to stay supported.
📌 Key levels to watch
• Support: 1.1700 – 1.1680
• Resistance: 1.1780 – 1.1800
A clean break outside this range likely needs:
• Strong U.S. data surprise
• Or a shift in Fed rate expectations
⚠️ Until then, EUR/USD remains in wait-and-see mode — steady, not trending.