EUR USD H4 chart resistance and EUR fundamentals
EURUSD is the most traded forex pair in the global forex market, pairing the euro, the shared currency of the Eurozone, against the US dollar, the world’s primary reserve currency. It is commonly nicknamed Fiber, and in today’s EUR-USD fundamental analysis the euro side of the equation will be shaped mainly by the upcoming external-balance releases and IMF headlines you provided: stronger than expected ECB current account data, Italian trade balance, and Eurozone trade balance figures would be supportive for the euro because they point to healthier foreign demand and stronger transaction flows into the region, while weaker readings could soften bullish sentiment and leave EURUSD price action more exposed to dollar strength; at the same time, comments tied to the IMF meetings can add volatility if policymakers strike a cautious tone on growth, inflation, or financial conditions, so the near-term fundamental outlook stays mildly supportive for EUR-USD only if the European data beats expectations clearly enough to keep buyers in control.
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
On the EUR/USD H4 chart, the technical analysis still shows a broader bullish structure, but short-term price action is warning of a possible pullback before another upside attempt. After breaking the bearish trend line, EUR-USD started a clear upward move and advanced from the lower side of the rising regression channel toward the upper half, but the pair has now tested the 0 Fibonacci level at 1.18200 twice and failed to break through, while fresh red candles appeared and price slipped back below the 1.18000 psychological level, which strengthens the case for temporary profit-taking; even so, the trend remains constructive as long as price holds within the ascending channel, meaning a dip toward 1.17209, 1.16596, or even 1.16100 could be a healthy correction rather than a full trend reversal, and if bullish momentum rebuilds the pair can still target 1.19000 and possibly 1.20000 later on. The Williams Percent Range at -68.25 is also important here, because it has recently recovered from below the -80 zone and is heading upward, showing improving momentum, but traders still need confirmation that it can continue higher instead of stalling again near the oversold recovery area.
•DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.
