EURUSD CPI Driven Market Setup
EUR/USD, known as Fiber, is the world’s most traded forex pair, reflecting the value of the euro against the US dollar and often reacting strongly to ECB and Federal Reserve policy expectations. For today’s EUR-USD fundamental analysis, traders are focused on US CPI and Core CPI, Fed speeches from John Williams and Austan Goolsbee, the 10-year Treasury auction, and the Fed Chair nomination vote, while the euro side watches German Final CPI, ZEW Economic Sentiment, Italian Industrial Production, and Bundesbank President Nagel’s remarks. Stronger US inflation or hawkish Fed commentary could support the USD and pressure EURUSD, while upbeat ZEW data or hawkish ECB signals could help the euro defend gains, keeping EUR-USD price action sensitive around key H4 resistance.
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h
On the EUR/USD H4 chart, price is trading inside a symmetrical triangle, pressing near the upper trendline with major resistance around 1.1800, showing a slow bullish push but some hesitation near the breakout zone. The Ichimoku indicator shows price above or near the cloud, supporting mild bullish momentum, while the Williams %R is close to overbought territory, warning that a short-term pullback may appear before continuation. Key EUR USD support levels are 1.1750 and 1.1700, while resistance stands at 1.1800 and 1.1850; overall, the H4 technical analysis remains slightly bullish above 1.1750, but buyers need a clean breakout above 1.1800 to confirm stronger upside price action.
•DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.
