EUR/USD Weekly Outlook: Fed Signals Limit Upside
By Newera Research Desk
EUR/USD opened the week near 1.0850 as a series of hawkish Federal Reserve comments weighed on the pair. Traders are recalibrating rate-cut expectations following stronger-than-expected US jobs data released last Friday.
Key resistance sits at 1.0920, a level that has capped multiple rally attempts over the past three weeks. Support is found at 1.0800, which aligns with the 50-day moving average.
The ECB is expected to hold rates at Thursday's meeting, but any dovish language from President Lagarde could send the pair lower. Watch for a break below 1.0780 as a bearish confirmation signal.
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