Usman Salis
The EUR/USD pair finds itself at a critical juncture, testing the patience of bulls and bears alike. After weeks of choppy trading, the euro has settled into a tight range around key technical levels that could determine its next major move. With the dollar showing signs of weakness and European data painting a mixed picture, traders are positioning for what could be a decisive breakout in either direction.
The current setup presents a classic risk-reward scenario: hold above support and potentially rally to higher ground, or crack under pressure and face deeper losses. It's the kind of moment that separates successful traders from the rest.
EUR/USD Price Outlook
Right now, all eyes are on the 1.1690 level. This isn't just any random number on the chart—it's become the line in the sand for euro bulls. Trader @OsmondSabby has been tracking this setup, noting how the pair keeps finding buyers every time it dips toward this zone.
The pattern is becoming clear: sellers push lower, bulls step in, and we get another bounce. It's textbook support-and-resistance action, but the question remains whether this dance can continue or if we're about to see a breakout.
If the current support holds, the next logical target sits at 1.1770. That's where previous rallies have stalled out, making it the key resistance level to watch.
EUR/USD Price Levels to Watch
The math is pretty straightforward here. Support at 1.1690-1.1695 has been tested multiple times and held. Break below this zone, and 1.1670 becomes the next stop—not exactly where euro bulls want to be.
But flip the script, and 1.1770 resistance becomes the prize. Push through there, and suddenly we're talking about a completely different market dynamic. It's the kind of level that, once broken, tends to attract momentum players and algorithmic buying.
The beauty of this setup is its clarity. You know exactly where you're wrong on either side.
Fundamentals and Market Sentiment
Technical levels are great, but they don't exist in a vacuum. The dollar's recent softness is giving the euro some breathing room, while European inflation data keeps ECB watchers guessing about the next policy move.
Meanwhile, Fed uncertainty continues to create cross-currents in currency markets. It's the kind of environment where technical levels matter even more because fundamental drivers are pulling in different directions.
As long as 1.1690 holds, the bullish case toward 1.1770 stays alive. But in today's volatile markets, that could change faster than you think. The key is staying flexible and letting price action guide the way.
Usman Salis
