FUNDAMENTALOVERVIEWUSD:The US dollar continues tobounce around potentially due to some uncertainty around tariffs after the US SupremeCourt ruled against the previous levies. It’s pretty clear at this point thattariffs are here to stay as Trump reimposed them using different laws. Overall,not much has changed.The price action remainsmostly rangebound as traders await new catalysts and further developments topick a direction. The real risks remain apotential US-Iran military escalation which could boost the greenback on severerisk-off mood or a hawkish repricing on stronger US data which would have apositive effect on the USD. Fed’s Waller placed a great deal on next week’s NFPreport. EUR:On the EUR side, nothinghas changed. As a reminder, the ECB held interest rates steady as widelyexpected at the last meeting and kept the same data-dependent andmeeting-by-meeting guidance. The policymakers have eased the rhetoric on theeuro recently after the currency dropped below the 1.20 level against thedollar. The focus remains oninflation as the central bank has repeatedly stated that it won’t respond tosmall or short-term deviations from the 2% target. The data for now has beenpositive with economic activity picking up and core inflation hovering just abit above target.EURUSD TECHNICALANALYSIS – DAILY TIMEFRAMEOn the daily chart, we cansee that EURUSD is consolidating around the1.18 handle as traders await new catalysts to pick a direction. From a risk managementperspective, the sellers will have a better risk to reward setup around the1.1927 level to position for a drop into the 1.16 handle next. The buyers, onthe other hand, will want to see the price breaking above that level to openthe door for a rally into new cycle highs.EURUSD TECHNICALANALYSIS – 4 HOUR TIMEFRAMEOn the 4 hour chart, we cansee more clearly the rangebound price action between a few support andresistance zones. The buyers will likely step in around the 1.1807 support witha defined risk below it to extend the rally into the 1.1850 resistance. Thesellers, on the other hand, will look for a break lower to pile in for a dropinto the 1.1750 support next.EURUSD TECHNICAL ANALYSIS –1 HOUR TIMEFRAMEOn the 1 hour chart, there’s not much else we can add here as the buyerswill look for a bounce around the support, while the sellers will look for abreak lower. The red lines define the average daily range for today. UPCOMING CATALYSTSToday we have the third round of US-Iran nuclear talks and the latest USJobless Claims figures. Tomorrow, we conclude the week with the German CPI andthe US PPI data. This article was written by Giuseppe Dellamotta at investinglive.com.