📰 EURUSD (EURUSD) Eyeing Key Support Zone Near 1.1667 Backed by 200-Hour MA
📅
Jul 18, 2025, 11:33 EDT
| 🔗 Source: Forexlive
🧠 Summary
EURUSD has approached a strong historical support zone near 1.1667, indicating potential for upward momentum based on past swing area dynamics from 2021 and recent months.
💡 Why this signal?
- The prospect of a 25bps Fed rate cut in July due to weakening labor market conditions is a key driver for dollar weakness, benefiting EURUSD and GBPUSD.
- Fed's Waller signaling easing before further job losses tempers market fears, encouraging risk appetite and strengthening major foreign currencies versus the USD.
- Upcoming US housing data and sentiment indexes add to volatility, making dollar pairs sensitive to short-term fundamental shifts ahead of the FOMC decision.
📈 EURUSD Price Trend
⏱️ Impact Timing
as soon as the news is out
👥 Competitor Impact
No competitors impacted.
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