EURUSD Technical Analysis: Key 1.18 Resistance Challenges Euro’s Trading Outlook
Over the past three trading days, EURUSD has been trading in a tight range around 1.1773 amid thin market conditions, with limited volatility. The Euro retreated slightly after reaching a three-month high against the US dollar, driven by a softening dollar and improving Eurozone fundamentals. The bearish dollar sentiment and expectations of slower US economic growth toward 2026 continue to support a stronger Euro. For average investors, this implies a cautiously optimistic outlook on EURUSD price action, with price action likely to remain range-bound near the critical 1.18 resistance level amid low trading volumes at year-end.


