EURUSD Technical Outlook: Key Resistance at 1.20 Amid Fed and Trade Uncertainty
Over the past three trading days, EURUSD has oscillated between 1.1930 and the 1.20 level, closing yesterday at 1.1932. The pair’s rise has been fueled by US trade policy uncertainties and concerns over Fed independence, weakening the dollar and pushing EURUSD near 1.1965 early in the Asian session. However, the European Central Bank’s swift response to prices breaking above 1.20 caused a sharp retreat, reflecting market caution and heightened volatility. For traders, understanding these support and resistance levels is essential amidst ongoing macroeconomic risks and central bank signals.


