EUR/USD Eyes 1.1500 Break on Growth Divergence and Fed Outlook

EUR/USD faces mounting pressure to break below 1.1500 as growth divergence between the Eurozone and US intensifies, coupled with evolving Federal Reserve policy expectations. The pair has weakened amid stronger US economic data contrasting with sluggish European growth indicators. Market participants are closely monitoring upcoming Fed communications for hints about the pace of future rate adjustments. Technical analysis suggests the 1.1500 level represents a critical support zone, with a breach potentially accelerating declines toward 1.1400. The dollar's broad strength is also evident in USD/CAD and against Nordic currencies (NOK/SEK), reinforcing the greenback's dominant position. Traders should watch for any shifts in growth differentials or central bank rhetoric that could alter the current bearish EUR/USD trajectory. Near-term resistance sits at 1.1580, while extended support lies at 1.1450.