EUR/USD Bulls in Control as Economic Factors Support Euro's Gains

EURUSD

Fundamental Analysis

Standard Chartered forecasts EUR/USD to hover around 1.14, supported by stable ECB outlook and improving German business sentiment. The ECB is expected to cut rates by 25 basis points next week and then pause for the rest of the year, while Berlin may introduce additional fiscal stimulus.

However, short-term capital flows back into U.S. assets and concerns over U.S.–China trade policy could limit the euro’s upside. The USD remains weak due to disappointing U.S. economic data and escalating tariff tensions with China.

Technical Analysis

EUR/USD is in a short-term uptrend, forming higher highs and higher lows. The current price of 1.14277 is trading above all three EMAs (34, 89, 200), confirming bullish momentum.RSI is at 58.76—still below overbought territory, leaving room for further upside. The rising RSI trend aligns with price strength.

Trading volume has surged during recent breakouts above the 1.127 zone, indicating strong buying interest. High-volume candles are concentrated in bullish zones, reinforcing buyer dominance.

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