No major events are expected today.

EUR/USD is trading near 1.184–1.186, while demand for the dollar remains elevated: the market continues to price in a longer period of tight financial conditions in the US amid resilient macroeconomic data. Any signs of sustained strength in consumer demand or production would reinforce the “higher for longer” expectations and support inflows into dollar assets, limiting the pair’s upside potential.

On the eurozone side, the fundamental backdrop remains less convincing. Slowing inflation and the ECB’s cautious, data-dependent rhetoric keep the euro sensitive to yield differentials and overall risk appetite. If the US economy remains resilient, pressure on EUR/USD could increase, as the fundamental balance of factors continues to favor the dollar.

Recommendations: SELL 1.1850, SL 1.1895, TP 1.1755.