Fresh USD selling followed dovish remarks from Fed Governor Bowman—echoing Waller’s “July cut” hint from Friday—while calmer headlines out of the Middle East nudged Treasury yields lower. The pair powered back above both hourly averages and is now poking at Friday’s peak near 1.1543. A clean break would confirm the intraday bullish reversal and target swing highs from the last few weeks at 1.1578, 1.1614 and the high for the year (and going back to 2021) at 1.16297.
Key technical levels
1.1543 – Friday / day high
1.1614 – high from June 16
Support:
1.1496 – 100-hour MA
1.1416 – 38.2% retracement level
Bias stays tilted higher while EURUSD holds above the 1.1518-1.1496 zone.
This article was written by Greg Michalowski at www.forexlive.com. Read More Details
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