Hawkish Fed Tone Caps EURUSD Near 1.1580!!

[mendez]

Hey Traders, in today’s trading session we’re monitoring EURUSD for a potential selling opportunity around the 1.15800 zone.
The pair remains in a downtrend, and the current correction phase is bringing price back toward the 1.15800 resistance area, aligning with the broader bearish structure.

On the fundamental side, the recent U.S.–China deal combined with Powell’s hawkish tone has reduced the odds of a December rate cut — a setup that continues to favor USD strength and weigh on EURUSD.

Watching for rejection signs near 1.15800 for possible continuation to the downside.

[EmTeam]

Fed tone still too tight — dollar dominance holding firm for now.

[jacson4]

Every hawkish headline keeps crushing EUR pairs lately.