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fxJul 15, 2026, 4:25 AM

EUR/USD Bulls Cautious Below 1.1470 Hurdle, 23.6% Fibo in Focus

EUR/USD attracts dip-buyers after a pullback from the 1.1460-1.1470 resistance zone, but remains confined below the 23.6% Fibonacci retracement level and the 1.1470 hurdle, keeping bulls cautious within a multi-week range.

EURUSD

The EUR/USD pair saw some dip-buying following the previous day's retreat from the 1.1460-1.1470 horizontal resistance area. However, price action remains capped below the 23.6% Fibonacci retracement level and the key 1.1470 hurdle.

Bulls remain hesitant as the pair continues to trade within a multi-week consolidation range. A sustained break above 1.1470 is needed to open the door for further upside, while failure to hold recent support could trigger a deeper correction.

Traders are watching for a catalyst to break the deadlock, with the next moves likely dependent on broader USD dynamics and euro-area data.

Source: FXStreet Forex News