The EUR/USD pair attracted some dip‑buyers after a pullback from the 1.1460‑1.1470 resistance, yet it remains confined to a multi‑week range. Prices hover around 1.1435‑1.1440 during the Asian session on Wednesday, marking a second consecutive day of gains amid modest U.S. dollar weakness.

Soft U.S. consumer inflation data released on Tuesday trimmed expectations for Federal Reserve rate hikes, weakening the USD and providing support for the EUR/USD. However, elevated crude oil prices, Fed Governor Kevin Warsh’s commitment to price stability and rising U.S.–Iran tensions are expected to limit deeper dollar losses and cap the pair’s upside.

The pair has struggled to gain traction above the 23.6% Fibonacci retracement of the April‑June decline. Technical indicators point to a corrective upside rather than a clear trend reversal, with the MACD turning positive and the RSI sitting near 56, indicating moderate bullish momentum.

This backdrop warrants caution before placing aggressive bullish bets or extending the recovery from the 1.1325‑1.1325 area. The next resistance levels sit at the 200‑period SMA around 1.1490, the 38.2% Fibonacci level near 1.1523 and the 50.0% level around 1.1585.

On the downside, key support emerges at the Fibonacci anchor close to 1.1323; a breach below this level would likely reinforce a broader bearish outlook for the pair.

EUR/USD 4-hour chart

US Dollar Price Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Swiss Franc.

USDEURGBPJPYCADAUDNZDCHFUSD-0.16%-0.05%-0.08%-0.10%-0.17%-0.03%-0.00%EUR0.16%0.05%0.07%0. 05%-0.06%0.07%0.15%GBP0.05%-0.05%0.02%-0.01%-0.11%0.02%0.09%JPY0.08%-0.07%-0.02%-0.03%-0. 11%0.03%0.06%CAD0.10%-0.05%0.01%0.03%-0.07%0.00%0.10%AUD0.17%0.06%0.11%0.11%0.07%0.11%0.1 6%NZD0.03%-0.07%-0.02%-0.03%-0.01%-0.11%0.07%CHF0.00%-0.15%-0.09%-0.06%-0.10%-0.16%-0.07%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

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