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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InReflecting growing expectations for a less hawkish Federal Reserve, the EUR/USD pair reached a new session high of 1.1456. This rally was fueled by softer-than-expected U.S. inflation data, which pushed 2-year Treasury yields down to 4.136% and 10-year yields to 4.549%. According to technical reports, the pair is now testing a significant resistance zone situated between 1.14618 and 1.14715.
The Euro's upward momentum coincides with strong economic signals from the Eurozone, where Germany's Trade Balance reported a surplus of 19.1 billion euros, significantly beating the 14.8 billion forecast (per market data on July 9, 2026). In comparison to its peers, the Euro capitalized on the broader weakness of the U.S. Dollar Index (DXY) following cooling PPI figures, even as German CPI showed a monthly contraction of 0.3%.
Looking ahead, traders are focusing on the upcoming U.S. Monetary Policy Report scheduled for July 10, 2026, for further clues on interest rate trajectories. While current price levels for EUR/USD are unavailable at this snapshot, the pair's ability to break through established resistance remains the primary focus, especially as U.S. yields remain under pressure following initial jobless claims of 215k.