EUR/USD Edges Lower as Traders Await ECB Decision, Eyes on 1.1830 Breakout
During the Asian session on Thursday, the EUR/USD pair softened slightly and traded near 1.1720 after gaining 1.3% over...
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Last updated: Thursday, July 24, 2025
Quick overview
- The EUR/USD pair softened slightly to around 1.1720 after a 1.3% gain over the past three days, amid cautious market sentiment ahead of the ECB meeting.
- The Euro is under pressure due to stalled EU-US trade talks and the uncertainty surrounding potential tariffs on EU goods.
- Eurozone consumer confidence remains weak, with expectations for a slight improvement in the Consumer Sentiment Index, keeping pressure on the ECB.
- The US dollar strengthened following a trade deal with Japan, impacting the EUR/USD pair, while technical indicators suggest potential bullish movement for the Euro if ECB communications are favorable.
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Arslan Butt
Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.
His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.
His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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