EUR/USD Fibonacci Levels in Focus Amid Macro Policy Noise

EUR/USD continues to consolidate as traders digest policy headlines around energy demands from data centers, a theme indirectly fueling broader risk-sentiment volatility across majors. The pair's recent price swings have respected a Fibonacci retracement zone drawn from the last major trend leg.

Price is currently coiling just beneath a key retracement level, with candlestick wicks showing repeated rejection on test attempts. The RSI reading remains below the midline, reflecting cautious momentum rather than outright directional conviction.

A confirmed breakout above the retracement zone would shift bias bullish toward the next resistance band, while rejection keeps the pair anchored within its current consolidation structure heading into fresh macro catalysts.