📊 Forex Market Update — EUR/USD🕒 As of May 20, 2025 | Price: 1.12601

EUR/USD Holds Above 1.1260 as Traders Eye Canadian CPI & Fed Speeches

The EUR/USD pair is trading steady near 1.1260, showing resilience amid low-volume early Tuesday trading. The euro maintains strength as the U.S. dollar pauses ahead of a high-impact news day, including Canadian inflation data and key speeches from Fed officials Barkin and Musalem.

Support and Resistance

Support 1.11800 act as a support

Resistance 1.12800

💡 What’s Driving the Market?

• Euro Strength: Investors continue to price in a softer U.S. interest rate outlook, supporting euro demand.
• Dollar Caution: Traders await clues from Fed speeches on whether further rate pauses or cuts are likely.
• Technical View: EUR/USD stays bullish above 1.1235 support, eyeing next resistance at 1.1290.

📈 Outlook: A stronger-than-expected Canadian CPI may trigger volatility across USD pairs, while dovish or hawkish Fed signals could sway EUR/USD direction into mid-week.