The Euro (EUR) may retest and potentially surpass the 1.1700 mark, but lacks the momentum to breach 1.1720. In recent movements, EUR soared to 1.1668 and even touched 1.1698 before pulling back to 1.1609, closing at 1.1665 with a slight rise of 0.05%.<\/p>\n
In the short term, EUR may retest the 1.1700 level, although it appears unlikely to challenge the resistance at 1.1720. Current support levels stand at 1.1650 and 1.1630.<\/p>\n
Looking over a period of 1 to 3 weeks, EUR is predicted to maintain an upward trend, though it remains uncertain if it will attain 1.1720. Breaking above 1.1720 could lead EUR to rise towards 1.1770, but it must remain above the strong support level of 1.1585.<\/p>\n
The information presented involves forward-looking statements with inherent risks and uncertainties. It is advised to conduct thorough research prior to making any trading decisions. All risks, including potential loss of investment, are the sole responsibility of the individual. This information does not constitute investment advice.<\/p>\n
Given the Euro’s struggle to push decisively past 1.1700, we should be cautious about strategies that require strong upward momentum. The current price action suggests that buying straightforward call options could be risky, as a failure to break the 1.1720 resistance would lead to premium decay. We are therefore looking at options structures that profit from a limited, grinding move higher.<\/p>\n
A bull call spread is a fitting strategy for the coming weeks, designed to capitalize on the expected modest rise. We could consider buying a call option with a strike price near the current level, perhaps 1.1650, while simultaneously selling a call option at the 1.1720 resistance. This defines our risk and allows us to profit if the Euro trades within this specific range, aligning with the view of an upward trend that lacks breakout strength.<\/p>\n
This cautious approach is reinforced by recent economic data from earlier this month. The August 2025 flash estimates for Eurozone CPI showed inflation easing to 2.5%, taking pressure off the European Central Bank for more aggressive hikes. Meanwhile, the latest US Non-Farm Payrolls report from August 1, 2025, came in slightly cooler than expected at 185,000, supporting the idea of a stable but not aggressively weakening dollar.<\/p>\n
For traders confident that the downside is protected, selling cash-secured puts below the strong 1.1585 support level is another viable option. This strategy generates income from the premium collected and profits from time decay, as long as the Euro remains above this critical floor. It is a direct play on the prediction that the pair will maintain its broader upward structure over the next one to three weeks.<\/p>\n
We must remember the price action from 2023, when the Euro often struggled to sustain rallies above the 1.1700 handle for extended periods. That historical resistance, combined with the current lack of a strong catalyst, suggests patience is required. The key is to structure trades that benefit from the pair staying above 1.1585 without needing it to soar towards 1.1770 in the immediate future.<\/p>\n","protected":false},"excerpt":{"rendered":"
EUR may retest 1.1700 soon, but lacks strength to break 1.1720; support lies near 1.1650.<\/p>\n","protected":false},"author":62,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[],"class_list":["post-28625","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/28625","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=28625"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/28625\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=28625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=28625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=28625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}