EUR/USD – Tuesday, July 8, 2025

Data from the Eurozone that is starting to improve and signals of Dovish policy from The Fed provide an opportunity for EUR/USD to strengthen again.

Key Levels

1. Resistance. 2: 1.1832.

2. Resistance. 1: 1.1770.

3. Pivot: 1.1729.

4. Support. 1: 1.1667.

5. Support. 2: 1.1626.

Tactical Scenario

Positive Reaction Zone: If EUR/USD is stuck at the 1.1667 level which acts as strong Support, then EUR/USD has the potential to strengthen up to the 1.1770 level.

Momentum Extension Bias: If Fiber successfully breaks through and closes above the 1.1770 level, it has the opportunity to continue strengthening again to the 1.1832 level if volatility and momentum support it.

Invalidation Level / Bias Revision

Upside bias weakens if there is a significant correction that breaks through and loses below the 1.1626 level.

Technical Summary

EMA 50 is still below the EMA 200 where the Death Cross condition indicates the weakening condition of EUR/USD but with the RSI(14) condition which is in a Neutral - Bullish condition (56.80) and the appearance of Divergence between the Fiber price movement and the RSI(14) indicator, it indicates that in the near future there is potential for strengthening in this major currency pair.

Economic News Release Agenda:

1. German Trade Balance - 13:00 WIB.

2. French Trade Balance - 13:45 WIB.

3. NFIB Small Business Index - 17:00 WIB.

4. German Buba President Nagel Speaks - 21:00 WIB.