EUR\/USD fell to a two-week low near 1.1680, and it later reached 1.1668 during the New York session. The pair closed down 0.17% at 1.1683, with selling pressure starting to ease.<\/p>\n
For the next 24 hours, EUR\/USD is expected to trade between 1.1665 and 1.1715. Support is at 1.1685 and 1.1665, while resistance stands at 1.1715 and 1.1750.<\/p>\n
Over a 1\u20133 week view, EUR\/USD is still seen as range-bound, first between 1.1665 and 1.1840, then narrowed to 1.1665 and 1.1795. The latest dip to 1.1668 brought the pair close to the lower edge of that range.<\/p>\n
A move towards 1.1625 is expected only if EUR\/USD breaks and holds below 1.1665. The risk of a clear break below 1.1665 remains while 1.1750 is not exceeded.<\/p>\n
We are watching the 1.1665 support level in EUR\/USD very closely, as a sustained break below it would signal more downside ahead. The pair has been weak, hitting a two-week low yesterday, April 23rd, 2025, and downward pressure is building. For now, the price is likely to be contained in a narrow range between 1.1665 and 1.1715.<\/p>\n
This technical weakness is supported by a growing difference in central bank policy expectations. Recent US inflation data from March 2025 came in stronger than anticipated, fueling talk of a more aggressive Federal Reserve. Conversely, recent commentary from European policymakers suggests a more cautious approach, echoing the policy divergence we saw in late 2021 when accelerating US inflation pushed the dollar higher across the board.<\/p>\n
For traders who believe the 1.1665 support will break, buying put options with a strike price near 1.1650 or 1.1600 is a straightforward strategy. This allows for profiting from a move down towards the 1.1625 target while clearly defining the maximum risk. The cost of the option is the most that can be lost if the pair unexpectedly reverses higher.<\/p>\n
If we expect the pair to remain range-bound for the time being, selling an iron condor could be an effective approach. This involves selling a put spread below the 1.1665 support and a call spread above the 1.1750 resistance. This strategy profits from the passage of time and low volatility as long as the EUR\/USD stays within this broad range.<\/p>\n
The key risk to this bearish outlook is the 1.1750 resistance level. A move above this price would indicate the downward pressure has faded. Any short derivative positions should be reconsidered or hedged if the pair decisively breaks above that mark in the coming days.<\/p>\n
Create your live VT Markets account<\/a>\u00a0and\u00a0start trading<\/a>\u00a0now. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":" EUR\/USD hit two-week low near 1.1668; range-bound outlook persists, with key support 1.1665, resistance 1.1750.<\/p>\n","protected":false},"author":38,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[46],"tags":[],"class_list":["post-45794","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":[],"aioseo_notices":[],"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"josephine","author_link":"https:\/\/www.vtmarketsglobal.com\/en\/author\/josephine\/"},"_links":{"self":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts\/45794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/comments?post=45794"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts\/45794\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/media?parent=45794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/categories?post=45794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/tags?post=45794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}