EURUSD Technical & Fundamental Analysis: ECB Rate Hold Drags Euro Lower, Key Support and Resistance to Watch
Over the past three trading sessions, EURUSD hovered near 1.17825 with moderate volatility but increasing downward pressure. The European Central Bank kept rates on hold in an uneventful policy meeting, while risk-off flows lifted the US Dollar, putting the euro under pressure. Market sentiment this week hinges on cooling inflation in the Eurozone and divergence in Dollar strength, making ECB guidance critical for the near-term EURUSD outlook. In simple terms, investors are in a wait-and-see mode, akin to pausing before a storm, awaiting clearer signals before making decisive moves.


