{"id":34109,"date":"2025-10-02T08:42:25","date_gmt":"2025-10-02T08:42:25","guid":{"rendered":"https:\/\/xlence-com.wp-dev.int.theitops.net\/news-analysis\/eur-usd-likely-to-consolidate-on-the-day-ocbc\/"},"modified":"2025-12-17T13:18:05","modified_gmt":"2025-12-17T13:18:05","slug":"eur-usd-likely-to-consolidate-on-the-day-ocbc","status":"publish","type":"news_analysis","link":"https:\/\/www.xlence.com\/fr\/news-analysis\/eur-usd-likely-to-consolidate-on-the-day-ocbc\/","title":{"rendered":"EUR\/USD: Likely to consolidate on the day \u2013 OCBC"},"content":{"rendered":"

Euro (EUR) traded subdued in absence of fresh catalyst. CPI picked up to 2.2% y\/y but well within consensus. Pair was last at 1.1752 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note.<\/p>\n

Broader fundamental outlook remains supportive<\/h2>\n

\u00ab\u00a0Earlier comments from ECB officials may have tempered expectations. Lagarde said the inflation risks are quite contained in both directions. She also indicated that we are in a good place but that place is not fixed. Our house view believes that ECB rate cut cycle is nearing its end.\u00a0\u00bb<\/p>\n

\u00ab\u00a0Mild bearish momentum on daily chart shows tentative signs of fading while RSI was flat. 2-way trades still likely, within recent range. Immediate resistance here at 1.1810 and 1,1920 levels (2025 high). Support at 1.1640\/70 levels (50 DMA, 23.6% fibo retracement of Mar low to Sep high), 1.16 (100 DMA) and 1.1460 (38.2% fibo).\u00a0\u00bb<\/p>\n

\u00ab\u00a0New French PM Sebastien Lecornu has ruled out wealth tax, aims to cut budget deficit to 4.7% of GDP in attempt to get budget 2026 by early Oct. It remains early to concur if he can turn things, but early polls show he only has a positive opinion of 16%. Additionally, the Netherlands will hold General Elections on October 29. These political developments may still pose short-term downward risk on the euro. However, the broader fundamental outlook remains supportive of the euro, suggesting a buy-on-dips approach.<\/p>\n","protected":false},"excerpt":{"rendered":"

Euro (EUR) traded subdued in absence of fresh catalyst. CPI picked up to 2.2% y\/y but well within consensus. Pair was last at 1.1752 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note.<\/p>\n","protected":false},"author":2,"featured_media":34110,"template":"","news_category":[107],"class_list":["post-34109","news_analysis","type-news_analysis","status-publish","has-post-thumbnail","hentry","news_category-latest-news"],"acf":[],"yoast_head":"\nEUR\/USD Likely to Consolidate as ECB Cut Cycle Nears End<\/title>\n<meta name=\"description\" content=\"EUR\/USD likely to consolidate as CPI meets expectations, ECB rate cut cycle nears its end, and broader euro fundamentals stay supportive.\" \/>\n<meta name=\"robots\" content=\"noindex, nofollow\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EUR\/USD: Likely to consolidate on the day \u2013 OCBC\" \/>\n<meta property=\"og:description\" content=\"EUR\/USD likely to consolidate as CPI meets expectations, ECB rate cut cycle nears its 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