EUR/USD Stalls at Key Resistance Post-ECB as Buyers Remain Cautious

EUR/USD pushed higher following the ECB rate decision and President Lagarde's press conference but failed to sustain upside momentum, stalling at key resistance levels. The pair's muted breakout attempt suggests buyers remain cautious at elevated prices despite the initial post-decision bid. From a fundamental standpoint, Lagarde reinforced that inflation remains the ECB's primary concern, with risks tilted to the upside—largely driven by surging energy prices linked to geopolitical disruptions, including the recent drone strike on Saudi refining infrastructure. Growth risks, however, are shifting to the downside amid persistent geopolitical uncertainty weighing on the Eurozone outlook. The mixed signal—hawkish on inflation but dovish on growth—has left traders uncertain about the ECB's next move, contributing to the consolidation pattern. Technically, the pair faces overhead resistance that has capped rallies, and a failure to break through could invite a reversal toward lower support zones. Traders should watch for a decisive close above resistance for bullish confirmation or a rejection for short-side opportunities.