EUR/USD

Neutral

Archived analysis from Jul 24, 2026, 1:22 PM

Key insight

The pair failed to hold above the 1.1480–1.1485 200-period SMA last week; until bulls reclaim that level, the corrective pullback toward 1.1300 remains the path of least resistance.

EUR/USD is consolidating at the key 1.1400 support/resistance zone, caught between soft US CPI tailwinds and USD safe-haven demand driven by escalating Middle East tensions.

Main risk

Middle East conflict escalation driving USD safe-haven flows

Renewed military tensions in the Middle East are pushing Brent crude sharply higher and channelling global risk capital into the US Dollar, capping any EUR/USD recovery above 1.1430–1.1485.

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