However, a break below $1.33132 could see the pair retesting support at $1.32869, with additional downside targets at $1.32621 and $1.32349.

The 50-day EMA at $1.33547 acts as resistance, while the 200-day EMA at $1.32849 offers a strong support cushion.

For now, the outlook remains bullish above the pivot point, but a break lower could quickly shift sentiment.

Euro Steady as Lagarde Speaks; US Data in Focus

The euro (EUR) held steady after the German GfK Consumer Climate improved to -21.2, slightly better than the expected -22.4, signalling some stabilization in consumer sentiment.

The ECB Economic Bulletin highlighted ongoing economic challenges, while M3 Money Supply growth at 2.5% and Private Loans at 0.6% showed modest improvements.

Markets are now closely watching ECB President Lagarde’s speech for further insights into future monetary policy.

EUR/USD Technical Forecast

The EUR/USD is trading at $1.11392, up 0.07% during today’s session, but it’s facing key resistance near $1.11573. The pair has been struggling to gain traction, with the pivot point set at $1.11439.

A break above this level could signal further upward momentum, targeting immediate resistance levels at $1.11685 and $1.11792.