EURUSD: SELL 1.1700, SL 1.1730, TP 1.1630 | 16 July 2025

Event to watch today:

15:30 EET. USD - Consumer Price Index

EURUSD:

The single currency remains under pressure from an escalating tariff standoff between Washington and Brussels. The White House has confirmed its readiness to impose 30‑percent duties on all EU imports from 1 August, while the European Commission has prepared a mirror‑response package worth €72 billion. Risk‑off sentiment is boosting demand for the safe‑haven dollar: after dropping to a two‑week low of 1.1660, EURUSD managed only a brief rebound and continues to trade below the key 1.1700 area.

Exclusive for our readers – a 202% bonus on deposits of $202 or more! Give the promo code BTC202 to customer support and start trading with TRIPLED capital. Full promo details are available via the link.

The key focus for investors is today’s release of the June U.S. Consumer Price Index. The consensus calls for CPI to accelerate by 0.3 % m/m and 2.7 % y/y, reinforcing fears that the Federal Reserve will delay the start of its easing cycle. U.S. Treasury yields are echoing those concerns—the 10‑year benchmark holds around 4.46 %—which further supports the dollar by making it more attractive relative to the euro.

There are no market‑moving releases scheduled in the euro area today and the ECB’s recent 25‑bp rate cut—along with its lower inflation forecasts for 2025‑2026—points to a dovish policy path. Together, the rate differential and tariff risks provide a fundamental backdrop for the pair to slide toward 1.1630. A decisive daily close above 1.1730 would invalidate the bearish scenario.

Trading recommendation: SELL 1.1700, SL 1.1730, TP 1.1630

Deposit funds into your account and receive up to 15% in your balance on your first deposit. The additional funds will be used for trading, increasing trading volumes and helping to withstand drawdowns.