Saad Ullah
EUR/USD sits at a pivotal moment, caught between competing forces as traders weigh their next move. The pair's recent behavior reflects genuine uncertainty, with neither side able to establish clear control. Price hovers in a range where past breakout attempts have failed, leaving the market waiting for confirmation.
Technical Analysis of EUR/USD
The daily chart shows back-and-forth momentum, with EUR/USD settling into consolidation after several sharp moves. Analyst Sir Hisham recently highlighted this uncertainty, posing the question on every trader's mind: "Buy or Sell?" The answer remains elusive.
Price is stuck around a midpoint where previous attempts to push higher or lower have stalled. Above sits a resistance zone formed by recent highs that bulls need to reclaim. Below, a support area has caught dips multiple times. This middle ground signals indecision, and the market is waiting for something to tip the balance.
Buy or Sell? Key Considerations
Breaking above resistance would likely draw momentum buyers and open the door to further gains. Dropping below support could trigger stops and invite selling pressure toward deeper demand zones. For now, the consolidation suggests waiting for a daily close outside this range before committing, as false breaks have been common.
Macro Drivers Behind the Setup
Beyond the chart, broader forces are at play. ECB policy continues shaping euro sentiment, while U.S. inflation and employment data influence dollar strength. Risk sentiment also matters, as the dollar tends to strengthen when global uncertainty rises. These macro currents will determine whether EUR/USD can sustain any breakout or if consolidation continues.
Saad Ullah
