News
7x24
Quotes
Economic Calendar
Video
Data
- Names
- Latest
- Prev.
EURUSD Fails to Hold Near 1.18 as Eurozone Confidence Weakens
Forex
Traders' Opinions
Summary:
EURUSD is trading around 1.178–1.181, marginally below resistance after failing to build meaningful follow-through above key levels despite recent euro strength...
Sell
CLOSEDEURUSD
End Time
1.18050
Entry Price
1.17600
TP
1.18300
SL
1.17728 +0.00021 +0.02%
241
Points
Profit
1.17600
TP
1.17809
CLOSING
1.18050
Entry Price
1.18300
SL
Market overview
The pair is hovering around 1.1786–1.1810, with ECB reference rates showing the euro holding near this level but failing to string together durable gains above the 1.18 handle. EURUSD was quoted at roughly 1.1786 for the euro’s official reference rate, marking modest upside pressure earlier this week but with intraday rejection near 1.18–1.181 zones.
The broader macro story remains mixed. On one side, the ECB has left policy unchanged, reinforcing a neutral stance amid modest growth and inflation close to target, but markets interpret this as a lack of strong hawkish support for further euro gains.
On the other, eurozone consumer confidence unexpectedly fell in December, underscoring fragile demand conditions an incremental headwind to the euro.
Meanwhile, into thinner holiday liquidity, the U.S. dollar has found safe-haven bids and tactical demand as traders scale back risk exposure, especially when euro bullish catalysts are absent.
Market sentiment
Sentiment around EURUSD is cautious and increasingly tilted toward dollar support at current levels. A backdrop of weaker eurozone confidence figures, combined with “ECB holding but not leaning hawkish,” means EUR rallies are more likely to draw profit-taking than fresh strong buying. At the same time, year-end positioning and anecdotal flows show traders using small EUR strength to hedge risk and pare exposure, rather than adding euro exposure aggressively.
From a psychological perspective, the inability of the pair to sustain above 1.1800 despite thinner markets into holiday schedules suggests that upside conviction is low and that sellers are more inclined to defend resistance than bulls are to chase breakouts.
Technical analysis
On the M15 timeframe, Bollinger Bands (20,2) show price struggling near the upper band without meaningful breakouts, with the mid-band repeatedly acting as resistance on brief retracements. This is indicative of fading upside momentum and a market more prone to corrective reactions than continuation.The Ichimoku (9,26,52) structure reinforces this vulnerability: price often oscillates around the cloud with no clean separation above it, hinting that bullish momentum is not yet established and that corrective dynamics dominate short-term pricing. If price faces repeated rejection at the cloud or mid-band, it increases the odds of failing rallies and short-term breakdowns.Stoch (5,3,3) on M15 frequently rolls over from the overbought region in current sessions, indicating that buyers’ attempts are petering out before generating strong momentum. Such turn-downs after overbought conditions in a range or near resistance are classic signals that corrective downside is likely.
Trade plan
Entry: 1.1805
Take Profit: 1.1760
Stop Loss: 1.1830
Risk Warnings and Investment Disclaimers
You understand and acknowledge that there is a high degree of risk involved in trading with strategies. Following any strategies or investment methodologies is the potential for loss. The content on the site is being provided by our contributors and analysts for information purposes only. You alone are solely responsible for determining whether any trading assets, or securities, or strategy, or any other product is suitable for you based on your investment objectives and financial situation.
Quick Access to 7x24
Quick Access to More Editor-selected Real-time News
Exclusive video for free
FastBull project team is dedicated to create exclusive videos
Real-time Quotes
View more faster market quotes
More comprehensive macro data and economic indicators
Members have access to entire historical data, guests can only view the last 4 years
Member-only Database
Comprehensive forex, commodity, and equity market data
English
English
العربية
繁體中文
简体中文
Bahasa Melayu
Bahasa Indonesia
ภาษาไทย
Tiếng Việt
Copyright © 2025 FastBull Ltd
Home News Columns 7x24 Economic Calendar Quotes Video Data WarehouseAnalysis AI Signal Pro User Agreement Privacy Policy About Us
Risk Disclosure
The risk of loss in trading financial assets such as stocks, FX, commodities, futures, bonds, ETFs or crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.
No consideration to invest should be made without thoroughly conduct your own due diligence, or consult with your financial advisors. Our web content might not suit you, since we have not known your financial condition and investment needs. It is possible that our financial information might have latency or contains inaccuracy, so you should be fully responsible for any of your transactions and investment decisions. The company will not be responsible for your capital lost.
Without getting the permission from the website, you are not allow to copy the website graphics, texts, or trade marks. Intellectual property rights in the content or data incorporated into this website belongs to its providers and exchange merchants.