EUR/USD Daily Outlook

Intraday bias in EUR/USD stays neutral for the moment. Some consolidations would be seen but near term risk stay on the downside as long as 1.1565 support turned resistance holds. Below 1.1453 should target 1.1323 low.

In the bigger picture, with 38.2% retracement of 1.0176 to 1.2081 at 1.1353 intact, price actions from 1.2081 are viewed as a corrective pattern in the larger up trend from 1.0176 (2025 low). Break of 1.2081 is expected at a later stage after the correction completes. However, sustained break of 1.1353 will raise the chance of medium term trend reversal.

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ActionForex
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