Key facts
- EUR/USD live price: 1.1244
- EUR/USD day change: +0.20%
- EUR/USD month change: −1.92%
- EUR/USD RSI 14 (1d): 45
- EUR/USD nearest support (4h swing low): 1.1218
EUR/USD is hovering near 1.1244 as a hotter-than-expected US inflation print reshapes rate expectations.
EUR/USD last closed at 1.1257 and is now near 1.1244, up +0.20% on the day but still down −1.92% on the month. Hotter US inflation data has boosted bets on continued Fed hawkishness, supporting the dollar and weighing on the euro. The pair's EMAs (9/20/50) remain bearish-aligned, suggesting sellers could still have an edge, though price is holding above nearby support.
EUR/USD trades near 1.1244 after a hotter US inflation print
EUR/USD closed at 1.1257 and is now near 1.1244, up +0.20% on the day but still down −1.92% on the month.
The move follows a US CPI reading that came in hotter than expected, reshaping rate expectations.
Hot CPI data boosts Fed-hike bets, supporting the dollar
Reports point to US inflation at 3.7%, a figure that has boosted bets on continued Fed hawkishness and lifted the dollar broadly.
That dollar strength has also weighed on gold and bitcoin in recent sessions, alongside pressure on the euro.
Traders may watch key EUR/USD levels for the next move
EUR/USD's EMA 9/20/50 structure remains bearish, with price below both the EMA 50 and SMA 50.
Nearby support and resistance levels could offer clues on whether the current trend persists or fades.
The chart right now
- Resistance: 1.1478
- Support: 1.1161
What to watch
- Whether EUR/USD holds above its nearest support (4h swing low) at 1.1218: a break below could signal further downside pressure tied to dollar strength.
- Whether EUR/USD can clear its nearest resistance (4h swing high) at 1.1281: a move above this level could ease some of the near-term bearish technical pressure.
- Whether EUR/USD's EMA alignment (9/20/50) shifts from its current bearish structure: a change here could reflect evolving sentiment around Fed policy expectations.
Educational information only. Not investment advice. Trading involves risk of loss.