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Joachim Nagel

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Detailed view of overlapping 100 Euro banknotes showcasing intricate design details.
FORECASTSJUL 16, 2026
EUR/USD Forecast: Bearish Flag Keeps Reversal Risk in Focus After Soft US Inflation Data
EUR/USD climbed for a second straight day after weaker US inflation figures pressured the dollar and lifted the pair to 1.1482, its highest level since June 18. Technical traders remain cautious as a bearish flag pattern, resistance near 1.1550, and upcoming US retail sales and pending home sales data shape the next move.