EUR/USD and related currency technical outlook

In mid‑July, the EUR/USD pair held just above the 1.1323 level, with the former support at 1.1499 acting as resistance. Analysts described a neutral bias, noting that a break below 1.1323 could drive the pair toward the 61.8 % retracement near 1.0904, while a move above 1.1499 might lift it toward the 1.1621 resistance and eventually the 1.2000 psychological mark.

A week later, the pair rebounded strongly yet remained constrained below 1.1499, keeping the intraday bias neutral but the overall outlook bearish. The same key levels were highlighted, indicating that downside pressure persisted unless the price breached the resistance zone.

During the same period, attention shifted to other major crosses. The USD/CHF pair, after an earlier breakout attempt, pulled back and showed weakening momentum, suggesting further downside risk. Conversely, the USD/CAD pair displayed bullish momentum, forming “Silver Bullet” and “Unicorn” technical patterns, though analysts cautioned that the post‑FOMC reaction could alter its trajectory.

Overall, the technical picture for EUR/USD stayed range‑bound with a slight bearish tilt, while USD/CHF weakened and USD/CAD appeared poised for a bullish move pending upcoming monetary‑policy outcomes.