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Euro’s Upside Potential Limited Near 1.1600 as Resistance Holds

BitcoinWorld Euro’s Upside Potential Limited Near 1.1600 as Resistance Holds The euro’s near-term advance against the U.S.

dollar is likely to face strong resistance around the 1.1600 level, according to technical analysts, as the currency struggles to break above a key barrier amid persistent dollar strength and divergent monetary policy expectations.

Why 1.1600 Matters for EUR/USD For traders, 1.1600 has emerged as a critical technical threshold. Over the past several sessions, the pair has repeatedly tested this level but failed to close above it, suggesting that sellers are active near that price point.

The resistance is reinforced by a combination of prior swing highs and a downward trendline that has capped rallies since late 2024. On the downside, immediate support is seen around 1.1500, with a break below that level potentially opening the door for a test of 1.1400.

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