The EUR/USD is expected to maintain its upward momentum, closing near 1.1879. While further gains are possible, surpassing the resistance level of 1.1920 seems unlikely at present. Immediate support levels are found at 1.1855 and 1.1830.
Recent analysis suggested potential for the EUR to test last year’s peak at 1.1920, despite the resistance at 1.1900. The currency subsequently reached a high of 1.1906 but couldn’t move past 1.1920. Additional upward movement is anticipated, yet 1.1920 remains challenging. Conversely, support remains steady at 1.1855 and 1.1830.
Broader View of EUR USD
In the broader view, the EUR is expected to continue its upward trend, aiming for 1.1920, provided the strong support level at 1.1770 holds. If 1.1920 is exceeded, the next target would be 1.1970. Overall, the analysis was crafted through an AI tool and reviewed by an expert editor.
We expect EUR/USD to continue its upward path, aiming for a close near 1.1880. Recent Eurozone inflation data from late 2025, which showed a stubborn 2.8% rate, supports more gains, but the major resistance at 1.1920 seems out of reach for now. Support can be found lower at 1.1855 and then 1.1830.
The recent surge has left the market a bit overextended, mirroring a similar situation we saw back in early 2025 when the pair hit 1.1906 before pulling back. While there is still scope for another push higher today, recent data shows speculative long positions are at a six-month high, suggesting a crowded trade. Therefore, the 1.1920 level is likely to hold as a firm ceiling for now.
Next One To Three Weeks Outlook
Looking out over the next one to three weeks, we maintain the view that the next target is 1.1920, as long as the strong support at 1.1770 is not broken. This outlook is reinforced by the market now pricing in only a 30% chance of a US Fed rate cut in March, down from 50% last month, while ECB officials remain firm on holding rates steady. Should we clear 1.1920, the door opens towards the next significant level at 1.1970.
