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fxJul 16, 2026, 7:47 AM

EUR/USD Tests Range Top at 1.1485 as Momentum Strengthens

The Euro edged higher against the Dollar on Thursday as softer US inflation data fueled a repricing of Fed rate hike expectations, pushing the pair toward the key resistance level of 1.1485.

EURUSD

EUR/USD continued its upward move on Thursday, approaching the top of a well-defined range at 1.1485. Momentum has picked up after recent US inflation figures came in softer than anticipated, prompting traders to dial back expectations for near-term Federal Reserve rate hikes.

The Dollar weakened broadly as the market repriced the pace of monetary tightening, giving the Euro a tailwind. The pair is now testing a resistance zone that has capped gains in previous sessions, and a clean break above 1.1485 could open the door to further upside.

Technical indicators show strengthening bullish momentum, with the focus remaining on whether buyers can sustain the push above the range top. A failure to break higher may lead to a retest of support near the midpoint of the range.

Source: FXStreet Forex News