EUR/USD remains supported today amid better risk sentiment. US dollar still maintains the firm outlook despite today’s slight correction. ECB and US consumer sentiment data are key events for the day. The EUR/USD forecast is neutral to bearish despite today’s upside attempt. The recent optimism in the market keeps Euro supported, but the USD strength can’t be questioned. On Tuesday, the EUR/USD pair managed to overcome initial weakness and hit session highs in the 1.1610/15 area. -If you are interested in high leveraged brokers, check our detailed guide- As risk appetite remains unclear and US yields increase, the EUR / USD bounces off weekly lows around 1.1590, which looks to reverse earlier pessimism. Despite the poor performance of the German 10-year bond, which hit -0.12% on Tuesday, US yields are regaining traction at the lower end of the curve, flirting with the 1.64% area. It has managed to maintain its daily gains against the Euro despite losing ground against competitors such as the pound sterling, the yen, and the Australian dollar. Get FREE Forex Signals Now! The empty list in the euro area on Tuesday should draw attention to the participation of Enrià in the afternoon panel discussion in Europe. Following the release of the FHFA index and the S&P/Case-Shiller index, and the October Conference Board Consumer Confidence Index, the US calendar looks pretty interesting. As of Oct 19th, bullish growth on EUR/USD is still capped at around 1.1670. Thus, the weakening chatter still dominates the market in spite of improved risk sentiment in recent sessions. Prices are expected to continue focusing on the dollar for the time being, however. Nevertheless, the idea that heightened inflation may last longer, in conjunction with a weakening of economic fundamentals in the region, appears to have shaken investor optimism and bullish expectations. -If you are interested in MT5 brokers, check our detailed guide- EUR/USD technical forecast: Locked between 100, 200 SMAs The EUR/USD price broke below the key levels yesterday. The down bar was widespread with huge volume. Right now, the upside attempt remains barred by the 20-period and 50-period SMAs on the 4-hour chart. However, the price found some support around the 100-period SMA and has continued to rise since then. Overall, the price is ranging while the volume is showing no clue at the moment. In simple words, the price is locked between 100-period and 200-period SMAs and will look for a decisive breakout on either side. Looking to trade forex now? Invest at eToro! Trade Forex Now! 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Saqib Iqbal Saqib Iqbal Saqib Iqbal is a market analyst, prop fund trader and mentor, serving the industry with his analysis and educational content since 2011. The author has great exposure to different financial markets and institutions. He's well-known for his day trading reviews and multiple timeframe analysis. View All Post By Saqib Iqbal EUR/USD Daily share Read Next Free Forex Signals and Forecast: Buy GBP/USD – 26 Oct 2021 Olimpiu Tuns 7 months EUR/USD remains supported today amid better risk sentiment. US dollar still maintains the firm outlook despite today's slight correction. ECB and US consumer sentiment data are key events for the day. The EUR/USD forecast is neutral to bearish despite today's upside attempt. The recent optimism in the market keeps Euro supported, but the USD strength can't be questioned. On Tuesday, the EUR/USD pair managed to overcome initial weakness and hit session highs in the 1.1610/15 area. -If you are interested in high leveraged brokers, check our detailed guide- As risk appetite remains unclear and US yields increase, the EUR /… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.