The currency pair trades near 1.1750 resistance as markets reassess European Central Bank rate cut expectations.
EUR/USD remains directionless, trading around its 200-day moving average as investors recalibrate positions ahead of potential ECB policy adjustments. The pair tests an ascending trend line from February 2025, with technical resistance at 1.1750-1.1800 and support below current levels.
Recent price action reflects shifting rate cut bets, with markets pricing in a more gradual ECB easing cycle compared to earlier expectations. The 200-DMA has acted as a key technical benchmark, with the pair struggling to break decisively above or below this level in recent sessions.
Immediate focus remains on central bank communication and economic data releases that could influence near-term volatility for the currency pair.