EURUSD opens at 1.1735 today, with a high of 1.1748 and low of 1.1712, per fxstreet.com at 03:00 AM WIB. The euro gains from German IFO data (88.9 vs. 87.5 expected), but U.S. tariff delays to August 1 and a steady dollar cap its rise. Today’s U.S. GDP data, projected at 2.4% for Q2 by the Atlanta Fed, drops at 7:30 PM WIB. A strong report could push the dollar up, dragging EURUSD toward 1.1720 support, while a weak figure might lift it to 1.1760 resistance. The Federal Reserve’s hawkish stance, with potential rate hike hints from speakers today, adds pressure.
Some analysts suggest a breakout above 1.1750 if GDP surprises, but bearish sentiment lingers if tariffs escalate. Eurozone consumer confidence data at 11:00 AM WIB may offer minor support. Technically, the pair tests resistance at 1.1750, with RSI neutral, hinting at consolidation unless GDP shifts momentum. Expect volatility post-7:30 PM WIB—watch for a drop to 1.1700 if the dollar strengthens, or a rally to 1.1780 if euro data impresses. Copy my copy trading strategy at Exness for low-spread trades, ideal for today’s moves. Visit tradegoldnow.com/daily-blog for more tips!