Forex Forecasts – Greenback Momentum Tests Key Support and Moving Averages

Forex Forecasts – Greenback Momentum Tests Key Support and Moving Averages

Source: EODHD - https://finance.yahoo.com/markets/currencies/articles/forex-forecasts-greenback-momentum-tests-124446625.html
Published: Jul 13, 2026 8:44 AM

EUR/USD Technical AnalysisThe euro is still trapped in its consolidation zone, with 1.1350 the level that would signal a bigger move lower. Source: TradingView. The Euro initially tried to rally during the trading session on Monday, but it is starting to give back some of those gains, so I think we're still stuck in that same consolidation area that we had been in for a while. If that's going to be the case, then I'm looking for short-term trades. Signs of exhaustion are selling opportunities, but not necessarily for a longer-term move. That being said, if we were to break down below the 1.1350 level, then I believe it does end up being a selling opportunity for a bigger move. But in the mea...

Market context: This update is relevant to EUR traders, with EURUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.