EUR/USD Weakness on Soft Data and Dollar Resilience

Forex

Economic

Summary:

EUR/USD is trading around 1.185–1.188, having softened recently as risk-off sentiment supports the US dollar and macro data suggest renewed downside pressure. ...

SELL EURUSD

EXP

TRADING

1.18700

Entry Price

1.17800

1.19350

1.18676 -0.00029 -0.02%

0.0

Pips

Flat

1.17800

Exit Price

1.18700

Entry Price

1.19350

Market Overview

EUR/USD has fluctuated near the 1.185–1.188 zone after recent soft U.S. inflation and mixed economic data weighed on sentiment, lifting expectations of potential Federal Reserve rate cuts later in 2026. Meanwhile, resilient U.S. employment figures and stable Treasury yields have provided intermittent support to the dollar, keeping EUR/USD range-bound. The euro has also faced headwinds from ECB policy communications that emphasize a data-driven approach without imminent tightening. This mixed macro backdrop has resulted in sideways price structure, though recent weakness below near-term highs suggests sellers retain influence in the short term.

Market Sentiment

Sentiment toward EUR/USD shows caution with bearish undertones on lower timeframes. Despite marginal bounce attempts near resistance, the pair has failed to sustain upside momentum, reflecting guarded investor positioning around key macro events. Soft U.S. CPI data earlier this week pressured the dollar briefly, but stronger labor market data tempered purely bearish views on USD and bolstered demand for U.S. assets. This mixed risk environment supports a sell-on-strength bias for EUR/USD within the current range, particularly if sellers dominate near recent highs.

Technical Analysis

EUR/USD Weakness on Soft Data and Dollar Resilience_1

On the M15 timeframe, EUR/USD has shown a subtle drift lower, with price weakening from recent highs near 1.1928 and failing to break above significant resistance around 1.1900–1.1920. Recent sessions saw the pair extend lower from weekly highs as risk-off mood and dollar rebounds gained traction. Immediate support lies near 1.1800; a break below that on intraday price action could open the way toward deeper corrective levels around 1.1750–1.1700. Technical signals suggest sellers have the edge unless price convincingly reclaims resistance above 1.1900.

Trade Recommendation

Entry: 1.1870

Take Profit: 1.1780

Stop Loss: 1.1935

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