Fiber Technical Setup Before USD Speeches
EURUSD (Euro/US Dollar), often called the “Fiber,” is the world’s most traded forex pair and a benchmark for global currency strength. Today’s EUR USD fundamental outlook is shaped by a dense schedule of USD-related risk events, with multiple FOMC members including Waller, Barr, and Barkin set to speak on the U.S. economic outlook, monetary policy, and financial conditions. These speeches have the potential to inject volatility into the EUR-USD daily chart and overall price action, especially if policymakers sound more hawkish than markets expect. Additional USD-sensitive data such as the delayed U.S. Factory Orders report, NAHB Housing Market Index, and the Treasury Budget statement may further influence expectations for U.S. growth, inflation, and interest rates factors that generally support the dollar when stronger-than-forecast. Combined, today’s fundamental drivers create a USD-centric environment where any hawkish tilt could pressure the Fiber lower, while softer tones may offer EUR/USD a short-term relief bounce.
Chart Notes:
• Chart time-zone is UTC (+02:00)
• Candles’ time-frame is 4h.
On the EURUSD H4 chart, the price action shows a broader bearish trend, with lower highs forming since the 1.19179 peak on September 17 and a decline reaching 1.14682 on November 5 before a corrective recovery toward 1.16000. The current price action trades slightly above the Ichimoku cloud, but bearish momentum remains visible as price is turning downward toward the green cloud, whose Leading Span B is flat indicating strong horizontal resistance and whose Leading Span A slopes gently downward. The 1.16000 zone aligns as immediate resistance, while 1.15500 serves as the nearest support, followed by 1.15000 and 1.14800. The %R(14) oscillator sits around -91, signaling deep oversold conditions on the EUR-USD H4 chart; however, in bearish environments, oversold readings can persist. The Ichimoku signals, cloud structure, and resistance confluence suggest that unless EUR/USD breaks decisively above 1.16000–1.16500, downside pressure and continuation of the dominant downtrend remain the higher-probability scenario in technical analysis.
•DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.
