EURUSD pared some of its gains after the ECB policy decision. It hit an intraday low of 1.13680 and is now trading at about 1.13711.
On July 23, 2026, the ECB maintained unchanged rates and kept the deposit facility at 2.25%, the principal refinancing rate at 2.40%, and the marginal lending facility at 2.65%, so making the action seem more like a data-dependent pause following June's hike than the beginning of a cut cycle. Should energy-led inflation resurface, markets will focus on whether the ECB leaves room for another increase; the front end of euro rates and EUR trade will depend on how hawkish the guidance sounds.
|
Technicals |
CMP -1.13711 |
Trend |
|
|
4-hour chart |
Value |
|
|
|
55 EMA |
1.14214 |
CMP<value |
Bearish |
|
200- EMA |
1.14635 |
CMP<value |
Bearish |
|
365- EMA |
1.15156 |
CMP<value |
Bearish |
Major support- 1.13700/1.12946. Near-term resistance- 1.4380/1.14800/1.1500/1.1530.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-132 |
|
ADX |
Neutral |
|
It is good to sell on rallies around 1.1378-80, with an SL around 1.1435, for a TP of 1.1300.


FxWirePro: GBP/USD slips as oil surge and higher Treasury yields lift dollar
FxWirePro: USD/JPY trades in tight range ahead of event risks
FxWirePro: EUR/AUD edges higher but outlook is bearish
FxWirePro- Woodies Pivot (Major)
FxWirePro: AUD/USD softens slightly , all eyes on Fed
Bitcoin Dips Below $76,000 Amidst ETF Outflows and Technical Signals
FxWirePro- Major Crypto levels and bias summary
AUDJPY: Bearish Outlook Despite Short-Term Bullish Signals, Sell Rallies Near 110.78
FxWirePro: USD/ZAR edges higher as market brace for Fed rate decision
AUDJPY Pullback Presents Selling Opportunity Above 110.50
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies Pivot (Major)
FxWirePro- Major Pair levels and bias summary
Major Pair Currency Score: USDCAD and USDCHF Show Extreme Bullishness, EURUSD, GBPUSD, AUDUSD, and NZDUSD Bearish
FxWirePro: GBP/USD falls to six-week ,vulnerable to more downside 



