EUR/USD REMAINS CAPPED BELOW 1.1400; BULLISH BIAS PERSISTS
EUR/USD REMAINS CAPPED BELOW 1.1400; BULLISH BIAS PERSISTS
The EUR/USD pair is currently trading below the 1.1400 level, indicating a lack of upward momentum despite a generally bullish bias.
European Central Bank (ECB) policymakers have indicated that there is still room for gradual interest rate cuts in the eurozone amid declining inflation.
Traders are increasingly betting on further interest rate cuts by the ECB, with a 75–90% chance of another rate cut in June.
Mixed signals on US-China trade relations have contributed to market uncertainty, impacting the EUR/USD pair.
Technical indicators suggest that the EUR/USD pair may consolidate within its current range, with support near 1.1375 and resistance around 1.1400.
ECB policymaker Francois Villeroy de Galhau expressed concern over global economic uncertainty triggered by U.S. President Donald Trump's tariff policies, which he criticized as detrimental to both the U.S. and the world economy.
ECB policymaker Olli Rehn stated that the ECB may lower interest rates below the neutral level, which balances economic growth and inflation.
