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2025-08-01 17:16:41
Eurozone inflation exceeded expectations at 2.0%, halting EUR/USD's decline; the 1.14 level serves as a key defense. ⑴ The preliminary Eurozone Harmonized Consumer Price Index (HICP) for July remained flat at 2.0% year-on-year, exceeding market expectations for a decline to 1.9%. ⑵ Following the release of this data, EUR/USD rebounded slightly after hitting 1.1405. ⑶ The pair's lows on Wednesday and Thursday were 1.1401 and 1.1405, respectively. ⑷ These lows suggest significant buying interest around 1.1400. ⑸ The EUR/USD lows may be a defensive result of option barriers. ⑹ If the EUR/USD rebound remains weak, stop-loss orders below 1.1400 could be triggered. ⑺ Recently, as more countries attempt to influence their currencies through intervention, the influence of foreign exchange market intervention may be increasing.
