Analysts highlight 1.1565 as a critical resistance level for EUR/USD after repeated failures near 1.1560.
EUR/USD retreated to 1.1524 after multiple attempts to breach the 1.1560-1.1565 resistance zone. The pair’s inability to sustain gains above this level has triggered a short-term pullback, though downside is expected to be limited.
Support is seen at 1.1495, with analysts noting this level could curb further declines. The pair’s recent consolidation follows a period of mixed momentum, as traders await fresh catalysts to drive direction.
A decisive break above 1.1565 would signal renewed upside potential, while failure to hold 1.1495 could open the door to deeper losses.