EUR/USD Vulnerable Below 1.1590 — Bearish Setup Targets 1.1475 Amid Fed Caution

EUR/USD stays vulnerable under 1.1590 resistance as cautious Fed comments and mixed eurozone data fuel a bearish outlook targeting 1.1475 for traders now.

EUR/USD remains under pressure as price action struggles to clear the key resistance at 1.1590. Technical traders note a clear bearish setup, with a break below recent support likely to open the path toward 1.1475. Mixed macro signals and cautious commentary from Federal Reserve officials are keeping market sentiment tilted toward the downside.

From a technical perspective, 1.1590 stands out as the immediate hurdle. Failure to reclaim that area has left the pair vulnerable to sellers, and momentum indicators favor downside continuation. A decisive break beneath short-term support levels would confirm the shift toward 1.1475, while any rebound above 1.1590 would be needed to invalidate the bearish thesis and invite range-bound trading.

Fundamentally, cautious Fed commentary has been a key driver. Officials signaling a data-dependent stance or caution on rate cuts tends to bolster the dollar, pressuring EUR/USD. At the same time, mixed eurozone data has provided little comfort for the euro — uneven growth indicators and soft inflation readings dampen expectations for a durable euro rebound. The combination of Fed caution and lackluster eurozone prints creates a backdrop where risk-off moves favor the greenback.

For traders, the immediate strategy is to monitor price action around the highlighted levels. Short positions could be considered on confirmation below support, with a tentative target near 1.1475 and stop placement above 1.1590 to manage risk. Intraday traders should pay attention to economic calendar releases and Fed speeches, which can produce volatility and false breakouts. Longer-term investors will want to watch eurozone PMI, inflation data, and any shift in Fed communications for clues on persistent trends.

In summary, EUR/USD looks vulnerable while trading below the 1.1590 resistance level, and a sustained move lower could bring 1.1475 into focus. Traders should combine technical setup with upcoming macro catalysts — especially Fed commentary and eurozone releases — and maintain disciplined risk management as the market navigates this uncertain environment.

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