EURUSD DAILY OUTLOOK: Consolidation

Trader 1 · July 15, 2026
General

Nothing to get excited about.

EURUSD downtrend in a nearly 2-week consolidation between 1.1361-1.1462 (top end tested again yesterday) with the broader range at 1.1324-1.1473 (where there would be key stops), rewarding range traders at the expense of those hoping for breakouts.

To break the downtrend, 1.1473, 1.1508 and 1.1622 breaks would be needed.

To extend the downtrend, 1.1324 would need to be broken.

(AT daily chart)

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