EURUSD | Bulls in Control as USD Faces Worst Year Since 2017

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EURUSD | Bulls in Control as USD Faces Worst Year Since 2017Euro/US DollarFX:EURUSDSroshMayiEURUSD | Technical & Fundamental Overview The U.S. dollar remains under pressure and is on track for its worst yearly performance since 2017, as markets continue to price in further Federal Reserve rate cuts next year. Despite a solid U.S. GDP reading, the data failed to shift rate expectations, with investors now pricing around two Fed cuts in 2026, while other major central banks appear closer to ending their easing cycles. This divergence in monetary policy expectations continues to support EURUSD on the upside. Technical Analysis (Based on Chart) EURUSD is trading above the pivot zone around 1.1758, maintaining a bullish structure. As long as the price holds above the pivot zone, bullish momentum is expected to continue toward 1.1869, followed by 1.1940. A successful breakout and stabilization above 1.1869 may open the way for an extension toward 1.2025. On the downside: A pullback toward the pivot zone (1.1758) would be considered a healthy retest within the bullish trend. Only a daily or strong 12H close below 1.1697 would weaken the structure and shift the bias toward a deeper correction. Key Levels Pivot Zone: 1.1758 Resistance: 1.1869, 1.1940, 1.2025 Support: 1.1697, 1.1596, 1.1450 Bias Bullish while above the pivot zone, supported by USD weakness and rate-cut expectations. Corrections are viewed as opportunities unless key supports fail.