{"id":32990,"date":"2025-10-23T17:08:19","date_gmt":"2025-10-23T09:08:19","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=32990"},"modified":"2025-10-23T17:08:19","modified_gmt":"2025-10-23T09:08:19","slug":"euro-holds-near-1-16-as-traders-await-key-data","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-asia\/analysis\/euro-holds-near-1-16-as-traders-await-key-data\/","title":{"rendered":"Euro Holds Near $1.16 as Traders Await Key Data"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/image_fx_-2025-03-21T183310.720-1024x559.png\" alt=\"\" class=\"wp-image-18936\" \/><\/figure>\n\n\n\n<p><strong>Key Points<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>EUR\/USD<\/strong> eased <strong>0.07%<\/strong> to <strong>1.1600<\/strong>, holding near the middle of its two-month range.<\/li>\n\n\n\n<li>Markets remain focused on <strong>Friday\u2019s European PMI and U.S. CPI reports<\/strong>.<\/li>\n\n\n\n<li>Analysts expect the pair to stay range-bound in the short term.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<p>The <strong>euro<\/strong> traded little changed around <strong>$1.16<\/strong> on Thursday, consolidating within its recent range as traders awaited fresh catalysts from upcoming data releases.<\/p>\n\n\n\n<p>With a <strong>quiet European calendar<\/strong>, sentiment was largely dictated by broader market risk appetite. The only notable release scheduled was the <strong>European Commission\u2019s consumer confidence report<\/strong>, due later in the session.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">European Central Bank President Christine Lagarde said the European Union must do more to integrate financial trading that\u2019s currently splintered across hundreds of exchanges <a href=\"https:\/\/t.co\/rN89MiHrLZ\">https:\/\/t.co\/rN89MiHrLZ<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/1981002173740617945?ref_src=twsrc%5Etfw\">October 22, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Traders looked ahead to <strong>Friday\u2019s <a href=\"https:\/\/tradingeconomics.com\/euro-area\/manufacturing-pmi\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">Eurozone Purchasing Managers\u2019 Surveys<\/a><\/strong> and <strong>delayed U.S. inflation data<\/strong> for directional cues.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Market Commentary<\/h2>\n\n\n\n<p>Our research desk believes the euro is likely to remain range-bound in the near term, tracking overall market sentiment.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Europe must become stronger and more dynamic both in security and economically if it really wants to raise the euro\u2019s international status, ECB council member Olli Rehn said. <a href=\"https:\/\/t.co\/DJtpHh0W6G\">https:\/\/t.co\/DJtpHh0W6G<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/1979247815172739300?ref_src=twsrc%5Etfw\">October 17, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>The <strong>U.S. dollar<\/strong> was broadly steady, supported by cautious risk positioning and expectations that the <strong>Federal Reserve<\/strong> could maintain an easing bias into year-end.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Analysis<\/h2>\n\n\n\n<p>The <strong>EUR\/USD<\/strong> pair slipped slightly to <strong>1.16006<\/strong>, marking a <strong>0.07%<\/strong> decline as the euro continues to trade under mild downward pressure.<\/p>\n\n\n\n<p>The move reflects ongoing dollar resilience and caution ahead of key U.S. economic data releases, with traders positioning defensively amid renewed speculation about the Federal Reserve\u2019s policy trajectory.<\/p>\n\n\n\n<p>From a <strong>technical perspective<\/strong>, the pair remains in a mild downtrend after failing to sustain gains above <strong>1.1700<\/strong> earlier this month.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/image-32-1024x444.jpg\" alt=\"\" class=\"wp-image-32991\" \/><\/figure>\n\n\n\n<p>The price currently hovers just below the short-term moving averages (<strong>5-, 10-, and 30-day MAs<\/strong>), which have flattened out, a signal of consolidation rather than a clear reversal. Immediate support is seen at <strong>1.1570\u20131.1550<\/strong>, with further downside risk toward <strong>1.1500<\/strong> if that zone breaks.<\/p>\n\n\n\n<p>On the upside, resistance stands near <strong>1.1700<\/strong>, followed by the <strong>1.1800<\/strong> region that capped previous rallies.<\/p>\n\n\n\n<p>The <strong>MACD<\/strong> indicator remains below the signal line, confirming that momentum still favours sellers. The histogram also stays in negative territory, though the bars are narrowing slightly \u2014 suggesting selling pressure may be easing as the pair stabilises.<\/p>\n\n\n\n<p>Fundamentally, the euro remains constrained by subdued Eurozone growth and expectations that the <strong>European Central Bank (ECB)<\/strong> will maintain a cautious stance.<\/p>\n\n\n\n<p>Meanwhile, the dollar continues to benefit from relative U.S. economic resilience and safe-haven demand. Traders are watching upcoming <strong><a href=\"https:\/\/www.investing.com\/economic-calendar\/united-states-manufacturing-purchasing-managers-index-(pmi)-829\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">U.S. PMI<\/a> and <a href=\"https:\/\/www.bea.gov\/data\/gdp\/gross-domestic-product\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">GDP figures<\/a><\/strong> for fresh direction, as stronger data could push the greenback higher.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Create your live VT Markets account<\/a> and <a href=\"https:\/\/myaccount.vtmarkets.com\/login?_gl=1*17o07u3*_gcl_au*NTkyNjQyMjA3LjE3NTkxMzQ2NTc.*_ga*MjA5ODA0NDIzNC4xNzI3OTE1ODQ1*_ga_BG6LYEHPX1*czE3NjExMjAwNzUkbzIzMiRnMSR0MTc2MTEyMDA5OSRqMzYkbDAkaDA.*_ga_J8BRGZSREX*czE3NjExMjAwNzUkbzIzMyRnMSR0MTc2MTEyMDA5OSRqMzYkbDAkaDA.*_ga_69Z54R4H9N*czE3NjExMjAwNzUkbzIzMiRnMSR0MTc2MTEyMDA5OSRqMzYkbDAkaDA.*_ga_CY2VCKFC3C*czE3NjExMjAwNzUkbzIzMiRnMSR0MTc2MTEyMDA5OSRqMzYkbDAkaDA.*_ga_TXZ07R2C21*czE3NjExMjAwNzUkbzIzMiRnMSR0MTc2MTEyMDA5OSRqMzYkbDAkaDA.*_ga_17TMGY9BBE*czE3NjExMjAwNzUkbzIzMSRnMSR0MTc2MTEyMDA5OSRqMzYkbDAkaDA.*_ga_2QCC3S2748*czE3NjExMjAwNzUkbzIzMCRnMSR0MTc2MTEyMDA5OSRqMzYkbDAkaDA.*_ga_MWDVVSEVL5*czE3NjExMjAwNzYkbzIyOSRnMSR0MTc2MTEyMDA5OSRqMzckbDAkaDA.*_ga_EJCVQDC7VT*czE3NjExMjAwNzUkbzIyNSRnMSR0MTc2MTEyMDA5OSRqMzYkbDAkaDA.*_ga_XJ4037XKK6*czE3NjExMjAwNzUkbzIyMSRnMSR0MTc2MTEyMDA5OSRqMzYkbDAkaDA.*_ga_E7D2PCX624*czE3NjExMjAwNzYkbzIyMCRnMSR0MTc2MTEyMDA5OSRqMzckbDAkaDA.*_ga_J26NL1ZVX7*czE3NjExMjAwNzUkbzE4NyRnMSR0MTc2MTEyMDA5OSRqMzYkbDAkaDA.*_ga_6XQ8153GYW*czE3NjExMjAwNzUkbzI4MyRnMSR0MTc2MTEyMDA5OSRqMzYkbDAkaDA.*_ga_7CG6454YR5*czE3NjExMjAwNzUkbzIzMyRnMSR0MTc2MTEyMDA5OSRqMzYkbDAkaDA.\" target=\"_blank\" rel=\"noopener\" title=\"\">start trading<\/a> now.<\/strong><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The euro hovered near $1.16 on Thursday as traders stayed cautious ahead of eurozone PMI data and delayed U.S. inflation figures. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":64,"featured_media":18936,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[56,10],"class_list":["post-32990","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-euro","tag-forex"],"acf":{"acf_article_selection_author":""},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/32990","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/comments?post=32990"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/32990\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media\/18936"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media?parent=32990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/categories?post=32990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/tags?post=32990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}