{"id":433809,"date":"2026-07-16T00:36:46","date_gmt":"2026-07-15T17:36:46","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/eurusd-moves-toward-a-familiar-topside-target-area-433809\/"},"modified":"2026-07-16T00:36:46","modified_gmt":"2026-07-15T17:36:46","slug":"eurusd-moves-toward-a-familiar-topside-target-area","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/eurusd-moves-toward-a-familiar-topside-target-area-433809\/","title":{"rendered":"EURUSD moves toward a familiar topside target area"},"content":{"rendered":"<div>\n<p class=\"PDq2pG_selectionAnchorContainer\">The EURUSD has extended its rally, climbing to a new session high of 1.1456 as the U.S. dollar remains under pressure following another round of softer-than-expected U.S. inflation data. This week&#8217;s CPI and today&#8217;s PPI reports have reinforced the view that inflation pressures continue to ease, fueling expectations that the Federal Reserve may have greater flexibility to keep rate unchanged, and a door open for lower rates at sometime in the future if the trend continues. That shift in sentiment has pushed Treasury yields lower, with the 2-year yield down 5.6 basis points to 4.136% and the 10-year yield lower by 3.6 basis points to 4.549%, helping to weigh on the greenback and support the euro. The\u00a0two year is still comfortably above 4.0% and the 10 year yield needs to get and stay below 4.5% to give the buyers in treasuries more confidence.<\/p>\n<p class=\"PDq2pG_selectionAnchorContainer\">\n<p>From a technical perspective, the pair is once again approaching a very familiar resistance zone between 1.14618 and 1.14715. The 1.14618 level has repeatedly capped rallies, with highs on July 3, July 10, and July 14 all stalling near that price. It also marks the 38.2% retracement of the decline from the May 27 high, adding to its technical importance.<\/p>\n<p>Just above, 1.14715 represents another critical hurdle. That level marked the post-U.S. jobs report high on July 2 and is the final barrier before buyers can begin targeting higher retracement levels. A decisive break above the 1.14618\u20131.14715 resistance zone would strengthen the bullish case and signal that buyers are regaining control. Until then, the area remains a key test where sellers have repeatedly shown a willingness to defend.<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The EURUSD has extended its rally, climbing to a new session high of 1.1456 as the U.S. dollar remains under pressure following another round of softer-than-expected U.S. inflation data. This week&#8217;s CPI&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-433809","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/433809","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=433809"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/433809\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=433809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=433809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=433809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}