The latest rebound from head & shoulders targets on both the US Dollar Index and EURUSD was amplified by Moody’s credit rating downgrade
Markets are expected to watch the Trump administration for reassuring headlines, reasserting the 1.1290 resistance on the pair before sustaining another leg higher in line with the 2025 uptrend. Key levels near neckline zones and 2025 extremes remain in focus for H2 reassessment.
🔼 Resistance Levels: 1.1200, 1.1330, 1.1380, 1.1450
🔽 Support Levels: 1.1140, 1.1070, 1.0970, 1.0890
Written by Razan Hilal, CMT
Markets are expected to watch the Trump administration for reassuring headlines, reasserting the 1.1290 resistance on the pair before sustaining another leg higher in line with the 2025 uptrend. Key levels near neckline zones and 2025 extremes remain in focus for H2 reassessment.
🔼 Resistance Levels: 1.1200, 1.1330, 1.1380, 1.1450
🔽 Support Levels: 1.1140, 1.1070, 1.0970, 1.0890
Written by Razan Hilal, CMT
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.