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2025-07-29 19:51:33
[EUR/USD Under Pressure: JOLTS Data Preview, Technicals Point to 1.1560] ⑴ The US JOLTS job openings data will be released tonight at 10:00 PM Beijing Time on July 29th, and the market is closely watching its potential impact on EUR/USD. ⑵ Eren Sengezer, Chief European Analyst at FXStreet, notes that the short-term technical outlook for EUR/USD suggests bearish momentum is building. ⑶ The Relative Strength Index (RSI) on the daily chart has fallen below 50, and the exchange rate has fallen below the 20-day Simple Moving Average (SMA) at 1.1700. ⑷ On the downside, the 50-day SMA (1.1560) provides immediate support, followed by 1.1450 (the 23.6% Fibonacci retracement of the February-July rally) and 1.1335 (the 100-day SMA). 5. On the upside, resistance lies at 1.1700 (20-day SMA), 1.1780 (static level), and 1.1830 (the end point of this uptrend). 6. The performance of the JOLTS data may further confirm or change the current technical bearish trend, so investors should pay close attention.
