EURUSD: Key Resistance and Support Levels Amid Energy Risk and Fed-ECB Policy Tug of War
Over the past three trading days, EURUSD surged above 1.1639 following easing geopolitical tensions but subsequently retreated to around 1.1530 due to stronger US oil prices and rate hike expectations. Yesterday’s closing price at 1.15307 indicates limited short-term bullish momentum as traders await European economic data and Federal Reserve speeches. The latest news highlights how Middle East conflict and oil supply concerns are underpinning the US dollar’s strength, weighing on the euro. For average investors, this means increased volatility in EURUSD, demanding cautious monitoring of oil prices and economic releases. Combining technical and fundamental perspectives, EURUSD currently sits at a critical crossroad with an unclear near-term trend.


