{"id":41578,"date":"2025-07-14T11:35:45","date_gmt":"2025-07-14T11:35:45","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2025\/07\/14\/euro-holds-gains-eyes-new-highs-as-dollar-weakens\/"},"modified":"2025-07-14T11:35:45","modified_gmt":"2025-07-14T11:35:45","slug":"euro-holds-gains-eyes-new-highs-as-dollar-weakens","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2025\/07\/14\/euro-holds-gains-eyes-new-highs-as-dollar-weakens\/","title":{"rendered":"Euro holds gains, eyes new highs as Dollar weakens"},"content":{"rendered":"
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The euro\u2019s recent rally against the US dollar has gathered momentum in July 2025, with EUR\/USD clearing the 1.1650 barrier and advancing past the 1.1720 resistance zone. <\/p>\n

The pair reached a high of 1.1829 on 1 July, marking its strongest level this year, before entering a consolidation phase above 1.1750.\u00a0<\/p>\n

As of July 7, EUR\/USD<\/a> was quoted around 1.1780, having traded in a narrow range amid mixed sentiment and cautious positioning ahead of key US economic data.<\/p>\n

On the technical front, the pair remains firmly above both the 100-period and 200-period simple moving averages on the four-hour chart, reflecting a sustained bullish bias. <\/p>\n

After testing the 23.6% Fibonacci retracement of the rally from the 1.1453 swing low to the 1.1829 high, EUR\/USD found support near 1.1750. Immediate resistance is observed at 1.1795, with a breakout above 1.1830 likely to open the door to 1.1850 and potentially 1.1920 in the coming sessions.<\/p>\n

The euro\u2019s strength is underpinned by improving economic indicators in the euro area, particularly in Germany and France. At the same time, the US dollar faces headwinds from a widening budget deficit and persistent inflationary pressures. <\/p>\n

The Federal Reserve\u2019s reluctance to tighten policy further has also weighed on the greenback, prompting investors to seek alternatives in euro-denominated assets.<\/p>\n

Market participants are closely monitoring the evolving technical structure, with a short-term contracting triangle forming on the four-hour chart. If EUR\/USD fails to sustain gains above 1.1795, downside risks could emerge, with support at 1.1750 and 1.1720. <\/p>\n

A breach of these levels would expose the pair to a deeper pullback towards 1.1650.<\/p>\n

For traders looking to capitalise on these market moves without risking personal capital, a prop firm<\/a> offers an opportunity to trade with institutional resources and share in the profits, provided strict risk management criteria are met.<\/p>\n

Elsewhere, GBP\/USD has struggled to maintain upward momentum, failing to break above the 1.3800 resistance and entering a period of consolidation. This divergence highlights the euro\u2019s relative outperformance in the current environment.<\/p>\n

The post Euro holds gains, eyes new highs as Dollar weakens<\/a> appeared first on Invezz<\/a><\/p>\n

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The euro\u2019s recent rally against the US dollar has gathered momentum in July 2025, with EUR\/USD clearing the 1.1650 barrier and advancing past the 1.1720 resistance zone. The pair reached a high of 1.1829 on 1 July, marking its strongest level this year, before entering a consolidation phase above 1.1750.\u00a0 As of July 7, EUR\/USD <\/p>\n","protected":false},"author":1,"featured_media":41579,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-41578","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/41578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=41578"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/41578\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/41579"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=41578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=41578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=41578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}