EL7.AI
ForexUpdated×2•Originally published 6 July 2026•Updated 6 July 2026•
1 min read

EUR/USD Trades Near 1.1432 as Focus Shifts to Upcoming Fed Minutes

A metal plate showing EUR/USD 1.1432 in front of a Fed Minutes envelope and a rate expectation gauge.

Key Facts

1EUR/USD surpassed the 38.2% Fibonacci retracement level of the recent downward move but faces selling pressure.
2Bears remain active near the 1.1675 resistance and the 100-period simple moving average.

Following a period of technical volatility, the EUR/USD pair has stabilized at the start of the trading week as investors await new signals from U.S. monetary policy. According to reports, the pair is currently trading around the 1.1432 level on Monday, following modest gains posted at the end of last week, indicating a state of cautious anticipation in the currency market.

This price stability occurs against the backdrop of previously divergent European economic data, where French inflation hit 1.8%, falling short of the 2.1% forecast per market data. Conversely, prior data showed EU Economic Sentiment improving to 95, exceeding the 94.3 forecast, placing the Euro in a neutral trading zone against the prevailing strength of the U.S. Dollar.

Looking ahead, traders are monitoring the 1.1432 level (close June 15, 2026) as a current pivot point. Focus is primarily centered on the upcoming release of the Federal Reserve minutes, which will serve as the key driver for price action as investors search for clues regarding the trajectory of U.S. interest rates and its impact on the Greenback relative to the single currency.