EURUSD: Key Support Holds as Market Awaits Fed Speeches and Eurozone Data
Over the past three trading days, EURUSD has traded in a tight range around 1.1777, reflecting a market waiting for directional cues. Yesterday’s closing price was 1.17778, with price action shaped by a stronger U.S. dollar amid rising U.S. consumer confidence to 91.2. Mixed tariff news and upcoming Federal Reserve speeches add to short-term volatility. For the average investor, EURUSD is currently caught in a tug-of-war between bulls and bears, suggesting a patient approach until a breakout or breakdown confirms the next trend. Technical outlook implies a potential further downside if current support fails, whereas sustained rebounds could test key resistance levels ahead.


