Market Pulse ///
The author uses the VolFix trading and analytics platform.
Main methodology — Volume Analysis / Price Action / Market Profile.
Volume Area / RES / SUP / VWAP / Open Interest / Delta Hist. / Volume Hist. +
Key EUR volume levels: 19 September–5 November 2026
Chart: daily timeframe / Double Cluster: Volume/Delta
Since 29 October 2026, the euro has been gradually recovering after its decline. Buyers remain cautious, however, as they are not ready to push the price above the key volume core for the current contract: Main Level 1.1215–1.126.
The volume resistance range, which formed in early October and was retested on 15–20 October, is still limiting the advance. Declining open interest also confirms the weakness among buyers. A substantial influx of large trades is needed for the rise to continue, but we are not seeing that at present. Although total daily delta has favoured buyers this week, open interest does not confirm their conviction.
The euro is currently most influenced by interest rates and the policies of the US Federal Reserve and the ECB, inflation in the US and Europe, and market expectations for future rate changes.
Key economic indicators include: GDP, unemployment, wages, US Non-Farm Payrolls, PMI and German industrial production. The stronger the US economy is relative to the European economy, the more often this supports the dollar and puts pressure on EUR/USD.
The euro is also affected by geopolitics and political decisions (Trump, US elections, US–China relations, conflicts and the situation in Iran), oil and gas prices, US and German government bond yields, equity markets and the DXY dollar index. For daily EUR/USD analysis, it is particularly important to monitor Fed and ECB decisions, inflation, the US labour market, two-year bond yields and unexpected political news.
MAIN LEVEL: 1.1215–1.126
SUPPORT: 1.115–1.119
RESISTANCE: 1.126–1.128 / 1.1315–1.137 / 1.142–1.144
VWAP: 1.1275
Euro FX (6E, white) and British pound (6B, magenta) December 2026 futures: H1 comparison for 16 September–5 November 2026, on separate price axes.
