EUR/USD Weekly Forex Recap – July 2026
· isaah latif
EUR/USD Weekly Forex Recap – July 2026
The EUR/USD pair has been one of the most active major currency pairs this week, driven by a combination of Eurozone inflation data, ECB commentary, and shifting US dollar sentiment. Here's your weekly breakdown.
Weekly Performance
EUR/USD opened the week at 1.0820 and has since traded in a range between 1.0780 and 1.0890. The pair saw a brief spike mid-week following softer-than-expected US CPI data, which briefly weakened the dollar.
Key Events This Week
- ECB Minutes Released: The European Central Bank's June meeting minutes revealed a cautious tone, with policymakers divided on the pace of future rate cuts.
- US Non-Farm Payrolls: The latest NFP report showed 185,000 jobs added in June, slightly below the 200,000 forecast, adding mild pressure to the USD.
- Eurozone PMI Data: Manufacturing PMI came in at 47.8, still in contraction territory, weighing on the euro.
Technical Analysis
From a technical standpoint, EUR/USD faces resistance at the 1.0900 psychological level. A sustained break above this could open the door to 1.0950. On the downside, support is seen at 1.0750. The RSI is currently neutral at 52, suggesting no strong directional bias.
Useful Links
- ECB Official Press Releases
- XE – EUR to USD Converter
- Forex Factory Economic Calendar
- Investing.com – EUR/USD Live Chart
Disclaimer: This content is for informational purposes only and should not be taken as financial advice.