EUR/USD recovery stalls at 1.0750 as bulls lack conviction

EUR/USD attempted a mild recovery to 1.0745 but struggled to maintain momentum above the 1.0750 resistance level. The pair gained 0.15% from session lows but remains down 0.8% for the week amid persistent dollar strength. Technical indicators suggest fragile bullish momentum, with the RSI hovering near 45 and the pair trading below its 50-day moving average at 1.0780. For a sustained recovery, EUR/USD needs to break and hold above the 1.0750-1.0760 resistance zone, which would open the path toward 1.0800. Immediate support lies at 1.0720, with a break below potentially accelerating losses toward 1.0680. Market participants await tomorrow's Eurozone PMI data and ECB officials' speeches for fresh directional cues. The lack of strong buying interest suggests traders remain cautious about euro strength amid ongoing economic headwinds in the region.