Saad Ullah
The EUR/USD pair is hovering around a critical zone with traders on the sidelines, watching for clues about the next directional move. Right now, neither buyers nor sellers have the upper hand, creating a stalemate that's keeping everyone guessing. The next candle close could be the catalyst that finally tips the scales.
EUR/USD Shows Indecision on the Chart
According to trader Sir Hisham, the pair is reflecting nothing but patience and indecision at the moment. The chart shows repeated tests of both support and resistance without any confirmed breakout to guide sentiment.
EUR/USD is currently trading just below 1.1750, with short-term support forming around 1.1730. The "CSD not confirmed" label on the chart signals that no valid confirmation candle has closed yet, keeping the pair stuck in neutral territory.
What to Watch
The 1.1760 zone is the key resistance level for bulls - a strong close above it could trigger a bullish continuation. On the flip side, the 1.1685 liquidity pool sits below as a potential magnet if sellers regain control. Price action is trapped between 1.1730 and 1.1760, showing caution and lack of commitment. A clean break above resistance would suggest upside continuation, while rejection could bring renewed selling pressure and a drop toward lower liquidity.
The current uncertainty lines up with recent U.S. economic data releases, including labor market updates, and ongoing European Central Bank policy signals. A stronger dollar has capped EUR/USD's upside lately, but the absence of aggressive selling suggests traders are holding back until they get more confirmation.
Saad Ullah
