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2026-05-25 15:03:10
[Euro's Rebound Against the Dollar Meets Resistance; 1.1662 Becomes a Key Test for Bulls] 1. The euro was boosted by a weaker dollar, influenced by optimistic market expectations for an Iranian peace agreement. However, the upside potential for the euro against the dollar is currently limited due to overall investor caution. 2. The euro against the dollar has rebounded from 1.1576 (the low since early April) reached last Thursday to 1.1648. However, the high area formed between May 18th and 19th (approximately 1.1661-1.1662) is currently suppressing further gains. 3. For bulls to strengthen their confidence, the euro against the dollar needs to close above the 55-day moving average (1.1645). Greater resistance comes from the 200-day moving average (1.1682). 4. Implied volatility in foreign exchange options remains above pre-war levels. 5. Risk reversal indicators are flattening, suggesting that downward pressure on the euro against the dollar is easing as the outlook for peace improves. At the same time, the premium of euro call options relative to put options is gradually narrowing.
