EUR news looks slightly supportive over the last 24 hours with positive sentiment ahead of negative, while USD sentiment is weaker with negative news dominating.
The main drivers are resilient Eurozone PMI, firmer services data, and hawkish ECB expectations. For USD, softer labor signals hurt conviction while Fed support keeps the dollar mixed.
Positioning still leans short EURUSD, and the contrarian read supports short term upside.
Charts show a sideways market breaking higher short term, with 1.1550 to 1.1600 the key test.
The main drivers are resilient Eurozone PMI, firmer services data, and hawkish ECB expectations. For USD, softer labor signals hurt conviction while Fed support keeps the dollar mixed.
Positioning still leans short EURUSD, and the contrarian read supports short term upside.
Charts show a sideways market breaking higher short term, with 1.1550 to 1.1600 the key test.