EUR/USD Stalls at $1.14 as Traders Eye U.S. Data and Looming Trade Wars

Euro traders white-knuckle their positions ahead of U.S. economic releases—because nothing says ’market stability’ like geopolitical posturing and spreadsheet surprises.

All eyes on the dollar’s next move as forex desks brace for impact. Another day, another macro gamble.

Technical Outlook: Symmetrical Triangle Signals Pending Breakout

Right now, EUR/USD is consolidating within a symmetrical triangle pattern, suggesting a breakout could be on the horizon. Immediate levels to watch:

• Resistance: $1.1425, followed by $1.1478

• Support: $1.1377, with deeper support at $1.1329

The 50-day Exponential Moving Average (EMA) NEAR $1.1382 is offering an extra layer of support for now. Meanwhile, the MACD indicator is flattening out around the zero line, a typical sign that the market is gearing up for a stronger directional move.

If EUR/USD can break cleanly above $1.1425, it could set the stage for a rally toward $1.1478 and potentially $1.1529. On the flip side, a break below $1.1377 would likely trigger a drop toward $1.1329.

Trade Setup

If you’re new to trading, here’s a simple approach based on the current setup:

• Bullish Scenario: Look for a confirmed close above $1.1430 with strong volume. Set a stop-loss just below $1.1370 to manage your risk.

• Bearish Scenario: A break below $1.1377 could open a short opportunity targeting $1.1329, with a stop-loss placed above $1.1425.

Patience is key in this environment. Waiting for a confirmed breakout or breakdown can help avoid getting caught in false moves. Also, keep a close eye on U.S. economic releases this week — they could be the catalyst for the next big swing in EUR/USD.