EUR/USD tests key resistance as Waller hints at dovish Fed stance

EUR/USD has advanced 0.2% to approach the 1.0950 resistance level following dovish comments from Federal Reserve Governor Christopher Waller. The dollar index retreated 0.3% as Waller suggested the Fed might consider slowing the pace of rate hikes if inflation continues to moderate. His remarks reinforced market expectations for a potential pause in the tightening cycle after the July meeting. Technical indicators show EUR/USD facing immediate resistance at the 1.0950-1.0960 zone, which has capped gains multiple times this week. A successful break above this level could open the path toward 1.1000 psychological resistance. Support remains firm at 1.0900, backed by the 20-day moving average. Traders are closely monitoring upcoming US jobless claims and European PMI data for additional directional cues. The pair's ability to sustain above 1.0950 will be crucial for maintaining bullish momentum in the near term.