EUR/USD Trading Insights: Bulls Testing Key Resistance Levels

Introduction to EUR/USD

EURUSD, commonly known as the “Fiber,” is one of the most traded currency pairs in the forex market, representing the value of the Euro against the US Dollar. This pair provides insights into economic health and sentiment in both Europe and the United States. Traders frequently use EUR/USD to gauge overall market trends, currency strength, and risk sentiment globally. Its liquidity and tight spreads make it a preferred choice among forex traders.

EURUSD Market Overview

The EUR-USD pair is currently experiencing consolidation after a sharp bullish momentum that recently broke significant resistance levels. Economic indicators from both regions have heavily influenced recent price movements. Upcoming releases, including S&P Global’s Flash PMI for manufacturing and services industries scheduled for September 23, 2025, will be closely watched, as readings above 50 typically indicate economic expansion, supporting the Euro. Meanwhile, USD traders will monitor weekly jobless claims, home resale data, and speeches by FOMC members, including Atlanta Fed President Raphael Bostic, for hints regarding future monetary policy. Traders should expect volatility in the EUR/USD as markets react to these key economic indicators and central bank comments over the coming days.

EUR-USD Technical Analysis

Following a pronounced bullish trend on the daily chart (D1), EUR/USD recently broke below support line but has since retraced, testing it as resistance around the 1.16455 level. The bears currently appear less dominant, suggesting the possibility of continued bullish momentum towards the next resistance at approximately 1.17975, the previous high. However, if bearish sentiment strengthens, a retest of the support around 1.14526 could be expected. The Chaikin Oscillator is currently negative at -33.636K, indicating weakening buying pressure. Meanwhile, the Aroon indicator, with an upper line at 57.14% and lower line at 0.00%, suggests recent bullish activity but lacks confirmation of a continued upward trend.

Final words about EUR vs USD

Given the current consolidation phase, EURUSD traders should remain cautious and vigilant regarding economic data and market sentiment shifts. Positive PMI data from Europe could enhance bullish sentiment, whereas stronger economic indicators from the US might increase bearish pressure. Traders are advised to closely monitor the mentioned support and resistance levels and stay alert to central bank signals, which could significantly impact short-term price action. Implementing prudent risk management strategies will remain essential due to potential volatility triggered by economic releases and central bank statements.

Disclaimer: This EURUSD analysis, provided by Unitedpips, is for informational purposes only and does not constitute trading advice. Always conduct your own Forex analysis before making any trading decisions.