📊 Early July Outlook: USD and Euro Trends The start of July has brought fresh momentum to the euro, while the US dollar remains under pressure from political, fiscal, and monetary crosswinds. With key macro events ahead, traders are watching closely for the next breakout in EUR/USD. 💵 USD Weakness Deepens The US dollar index (DXY) continues to drift near multi-month lows. Lingering concerns over US fiscal stability, rising trade tensions, and diminishing expectations for immediate Fed rate cuts are undermining greenback strength. Some analysts even forecast a prolonged correction, with further downside risk over the coming months. 💶 Euro Builds on Strength EUR/USD has gained over 13% since the start of the year and is now trading confidently around the 1.1780 mark. If bullish momentum continues, a breakout toward 1.1850 or even the psychological 1.20 level could be in play this month. However, the ECB remains cautious: a rapidly strengthening euro could impact exports, which may lead to a more dovish tone later in July. 🗓 Key Events to Watch This Week • July 9: Deadline for the next round of US trade tariffs • July 11: US CPI data — any surprises could shift USD sentiment • July 17: ECB policy meeting — market eyes forward guidance 📈 Trading Outlook EUR/USD remains bullish in the short term with key support at 1.1700 and resistance at 1.1850. A break above this resistance could trigger a surge toward 1.1900–1.2000. On the downside, a hawkish surprise from US data or fresh ECB concerns could push the pair back toward 1.1650. 🚀 Stay ahead of market moves with NordFX! 👉 Open your account today https://account.nordfx.com/acc... #Forex #EURUSD #USD #Euro #Dollar #NordFX #TradingStrategy #MarketOutlook #ForexNews #July2025