Euro Shows Strength Ahead of ECB Sintra Panel as EUR/USD Eyes 1.1900

EUR/USD Shows Strength as ECB Sintra Panel Takes Center Stage

The Euro (EUR) continues its impressive run as the top-performing G10 currency over the last month, bolstered by growing market confidence and positioning ahead of the European Central Bank’s (ECB) Sintra meeting.

Sintra in Focus: Will Powell Soften His Tone?

All eyes are on today’s Sintra central banking panel at 15:30 CET, where Fed Chair Jerome Powell, ECB President Christine Lagarde, and other major central bank heads will share the stage. Traders will be closely watching Powell’s tone for any shift away from hawkish rhetoric, which could weaken the US Dollar (USD) and further boost EUR/USD.

"The ECB is seizing this ‘global euro’ moment," analysts note, "but pooled EU debt remains the real game-changer that could attract global capital away from the US."

EUR/USD Technical Outlook: Limited Resistance Until 1.1900

The EUR/USD pair approached 1.1800 late Monday, partially fueled by renewed tariff concerns with Japan. Technically, the pair faces little resistance until 1.1900, though momentum indicators suggest the trend is slightly overstretched.

“We advise against chasing breakouts. Instead, look for solid entry points if EUR/USD dips into the 1.1690–1.1720 support zone.”

ECB Rate Path and Market Expectations

The market is currently pricing in one more 25 basis point ECB rate cut by December, targeting a terminal rate of 1.75%. Lagarde is unlikely to disrupt this sentiment today, which helps keep EUR/USD supported.

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