Euro Technical Outlook: EUR/USD Poised for Breakout Ahead of ECB
Euro is trading above pivotal support for a fifth-consecutive week with the July range intact heading into the ECB tomorrow. Battle lines drawn.
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Euro Technical Outlook: EUR/USD Multi-Timeframe Analysis
Michael Boutros, Senior Market Analyst at FOREX.com, examines EUR/USD, the European Central Bank, and the critical technical levels that could determine the pair's next major move. With the ECB expected to leave interest rates unchanged, attention turns to Christine Lagarde's guidance, widening policy divergence with the Federal Reserve, and how rising energy prices could complicate the euro's outlook.
This content was created by an affiliate of FOREX.com and represents the views and opinions of the author/speakers, not the views and opinions of Forex.com, StoneX Group Inc., or its subsidiaries. The content has not been independently reviewed by FOREX.com.
Key EUR/USD Economic Data Releases
Economic Calendar - latest economic developments and upcoming event risk.
Active Short-term Technical Charts
- Australian Dollar Outlook: AUD/USD Rally Tests Make-or-Break Resistance
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- British Pound Short-term Outlook: GBP/USD Breakout Attempts Major Trend Reversal
- US Dollar Short-term Outlook: USD Uptrend Faces Make-or-Break Test After CPI
- Gold Price Short-term Outlook: XAU/USD Bulls Try to Carve Out a Low After 30% Drop
- Swiss Franc Short-term Outlook: USD/CHF Overbought Rally Tests Major Resistance
Written by Michael Boutros, Senior Technical Strategist
Follow Michael on X @MBForex
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