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EUR/USD Eyes 1.1700 as US Dollar Weakness Gains Momentum 💹
EUR/USD eased slightly from session highs near 1.1700 but remains 0.4% higher on the day as the US Dollar faces mounting pressure amid political uncertainty and global tensions.

US Dollar Under Pressure 🇺🇸
The US Dollar continues to falter as concerns over the Fed’s independence intensify. Reports indicate that Federal Reserve Chair Jerome Powell is under criminal investigation regarding his Senate testimony on the Fed’s Washington headquarters renovation. Powell has called the probe “unprecedented” and framed it as political pressure to influence interest rate decisions.
Eurozone Sentiment Improves 🇪🇺
The Sentix Investor Confidence Index for the Eurozone improved to -1.8 in January from -6.2 in December, marking the best reading in six months. While the positive sentiment did little to immediately boost the Euro, it shows improving confidence among investors.
Geopolitical Risks 🌍
Rising tensions in Iran and the threat of US intervention continue to support safe-haven flows into currencies like the USD. However, the political uncertainty surrounding the Fed is currently outweighing these concerns, keeping EUR/USD elevated.

Technical Outlook 🔍
Support: 1.1615 (December 8–9 lows), 1.1590 (December 2 low)
Resistance: 1.1700 (channel top & January 7 high), 1.1742 (January 6 high)
EUR/USD has rebounded strongly from one-month lows near 1.1620, breaking key technical barriers. The MACD on the 4-hour chart has crossed above the signal line, indicating fading bearish momentum, while the RSI has moved above 50, showing renewed upward strength. A break above 1.1700 could open the path toward 1.1742, while any pullback may find support at 1.1615.
Market Outlook
Investors are eyeing upcoming US data, including CPI releases and Fed speeches, which could guide the Dollar’s next moves. Meanwhile, Eurozone fundamentals remain relatively steady, and technical momentum favors further EUR/USD upside in the short term.
💡 Takeaway: With the US Dollar under political and market pressure, EUR/USD could test key resistance near 1.1700 in the coming sessions. Traders should watch macro developments closely and manage risk accordingly.

Mỗi tháng, chỉ một con số làm rung chuyển mọi thứ: Số liệu việc làm phi nông nghiệp tại Mỹ.
Các công việc mạnh mẽ có nghĩa là Cục Dự trữ Liên bang sẽ giữ vững. Việc làm yếu nghĩa là các cắt giảm lãi suất bắt đầu được định giá. Đó là lý do tại sao giá biến động nhanh và cảm xúc cũng biến động nhanh hơn.
NFP không liên quan đến dự đoán. Nó liên quan đến phản ứng. Những người chờ đợi và đọc thị trường thường sống sót. Những người đoán mò thường đóng góp.
Giao dịch theo phản ứng, chứ không phải theo tiêu đề.
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