By Orbex
EURUSD Rises On German Data
The euro currency is posting modest gains on Tuesday. The common currency was lifted following better than forecast data on the German business climate.
Price action is, however, still making lower highs on the 4-hour chart time frame.
For the moment, the bias is mixed, but this could change if EURUSD slips below the recent swing low of 1.1770.
This would potentially open the way for EURUSD toward the support level near 1.1714.
Free Reports:
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
To the upside, price action will need to break out above 1.1848 and possibly rise further.
The next main resistance level is at the 1.1897 level.
By Orbex
- EUR/USD: Busy Week Ahead Aug 3, 2026
- Positive sentiment in the AI sector supported stock indices. Oil prices remain volatile Aug 3, 2026
- The Tech‑heavy NASDAQ Index jumped by more than 3.3%. The offshore yuan is trading at its highest level since 2023 Jul 31, 2026
- USD/JPY After Volatility: Multiple Events in One Day Jul 31, 2026
- The US indices sell off amid renewed US-Iran clashes. Oil jumps by 7% Jul 30, 2026
- USD/JPY Temporary in Equilibrium: Multiple Factors in Focus Jul 30, 2026
- GBP/USD at Month’s Lows: The Outlook Remains Weak Jul 29, 2026
- Crude oil falls below $80 per barrel. Australia sees inflation slowdown Jul 29, 2026
- The US Tech sector hit by sell‑off. Oil prices decline on renewed negotiations Jul 28, 2026
- Gold Declines, Focus on Fed and Falling Oil Prices Jul 28, 2026
