🔍 Technical Overview
• Support Levels:
o 1.1625–1.1630 – current base, recently tested
o 1.1580–1.1600 – lower bound of mid July range
o 1.1535 – deeper support if breakdown occurs
• Resistance Levels:
o 1.1685–1.1700 – mid week ceiling
o 1.1750–1.1835 – upper supply zone, with technical targets at 1.1835
o 1.2065–1.2345 – breakout region (bearish setup invalid if breached)
• Indicators:
o The Marlin oscillator sits in slight negative territory—signals potential downside.
o Price remains between EMAs, lacking clear directional bias.

📰 Fundamental Highlights
• USD Resilience: Fed officials and tariffs remain supportive of the U.S. dollar, which lent EUR/USD downward pressure.
• Euro-Zone Conditions: No major ECB or Euro data releases this week; markets focus on U.S. dynamics.
• Range bound Price Action: EUR/USD continues to oscillate, unable to break either support or resistance decisively.

📅 This Week’s Key Events
• Tuesday, July 22: U.S. New Home Sales & Richmond Fed Manufacturing Index
• Wednesday, July 23: Fed’s Waller speech & U.S. Existing Home Sales
• Friday, July 25: U.S. Durable Goods Orders & Preliminary GDP (Q2)

📌 Weekly Outlook & Strategy
🔼 Bullish Case
• Holding above 1.1625–1.1630 supports a bounce toward 1.1685–1.1700
• A breakout above 1.1750 keeps the path open to 1.1835
🔽 Bearish Case
• A drop under 1.1625 may drive the pair toward 1.1580–1.1600
• A sustained break below 1.1580 opens the way to 1.1535