FreshForex Market Insights: Fundamental Analysis, Margin Analysis & Forex News

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Market Fundamental Analysis for July 22, 2026 EURUSD

EURUSD:

The euro enters the session amid mixed expectations ahead of the ECB meeting. Higher energy prices are supporting expectations of a further rate increase. However, a survey of eurozone companies points to slower expected growth in selling prices and wages. This reduces the urgency of additional monetary tightening and limits independent support for the European currency.

The US dollar is driving the market during the current session. The currency remains close to a one-week high, while the yield on the 10-year US Treasury note has approached 4.6%. Fluctuations in oil prices and tensions in the Middle East are increasing inflation risks. As a result, the market remains cautious about a rapid easing of Federal Reserve policy, supporting demand for the dollar.

For EUR/USD, the timing of these factors remains decisive. A possible ECB rate increase relates to future meetings and has not yet received clear new confirmation, while elevated US Treasury yields are already supporting the dollar during the current session. In the absence of a strong local catalyst from the eurozone, the fundamental base case continues to favor a decline in the pair.

Trading idea: SELL 1.1415, SL 1.1440, TP 1.1355

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Elliott wave analysis of the market for July 23, 2026 BTCUSD

BTCUSD: BUY 66850, SL 65400, TP 74000

The overall wave structure for Bitcoin remains unchanged. During the previous trading session, buyers attempted to continue their slow but steady advance. However, they were unable to maintain the upward momentum.

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The rally stalled and was followed by a modest pullback. For now, the market remains in consolidation, but Bitcoin is expected to resume its advance in the near term, as the broader technical picture continues to favor the bulls.

The outlook still calls for further upside as Wave 3 of the developing bullish impulse unfolds. Therefore, long positions continue to offer the most attractive trading opportunity.

Investment idea: BUY 66850, SL 65400, TP 74000.