15 July EURUSD outlook: Potential reversal seenEuro / U.S. DollarFOREXCOM:EURUSDChartingGenieEURUSD is approaching the resistance at 1.14504 where a reversal below this level may prompt a decline toward 1.13775. Conversely breaking above 1.14504 may fuel a move to the following swing high at 1.14729. The euro-dollar steadied as softer US inflation weighed on the dollar, though rising energy prices and geopolitical uncertainty limited the euro's upside. Renewed US-Iran tensions pushed oil prices higher, increasing downside risks for the eurozone economy as the region remains a major net energy importer. While markets continued to price in further ECB rate hikes to contain inflation, higher energy costs could weigh on growth and complicate the ECB's policy outlook. The euro-dollar may remain under pressure as geopolitical tensions and elevated energy prices cloud the eurozone's economic outlook, while shifting expectations for ECB and Fed monetary policy continue to drive the pair. By Li Xing Gan, Financial Markets Strategist Consultant to Exness