
Go long EUR/USD on pullbacks towards 1.1650, targeting 1.1880, with a stop below 1.1585.

Fundamental Rationale:
The ECB’s pause reinforced a "wait-and-see" stance but offered no resistance to recent euro strength. With inflation stabilizing and trade tensions showing signs of easing, investor positioning continues to favour EUR upside.

In contrast, the Fed is nearing a policy plateau, and softer U.S. inflation prints have capped USD demand.
If an EU-US trade deal materializes by the August 1 deadline, it could reduce macro uncertainty and push EUR/USD toward fresh YTD highs, especially as the eurozone rate path becomes more anchored.

LONG EURUSD

Jul 25 2025