The EUR/USD failed to sustain its recent bullish move, as economic uncertainty and a stronger dollar weighed on the pair. Despite a brief uptick driven by favorable sentiment in European markets, the euro struggled to hold ground against the greenback. Investors remained cautious ahead of upcoming U.S. retail sales data and Federal Reserve remarks, both of which are expected to provide further direction.
Source – FXStreet
Market participants are now eyeing key support levels near 1.0700, while resistance remains at 1.0850. With eurozone inflation concerns persisting and a potentially hawkish Fed stance, the outlook for the EUR/USD remains subdued. Analysts suggest that a decisive breakout above resistance or a dip below support could set the tone for the pair in the coming weeks.
