EUR/USD Price Outlook: Solid rebound from 100-day moving average before US NFP report
The Euro (EUR) is maintaining its gains from the previous day, trading around 1.1630 against the US Dollar (USD) during the Asian session on Friday. This major pair saw a notable increase on Thursday as the US Dollar faced substantial selling pressure following remarks from Federal Reserve Governor Christopher Waller that were perceived as dovish. […]
EUR/USD Price Prediction: 100-Day SMA halts upward movement
The EUR/USD pair has risen by over 0.32%, as traders are keeping an eye on the key psychological level of 1.1600. They are encountering significant resistance at the 100-day simple moving average (SMA) of 1.1567. Currently, the pair is trading at 1.1564, making a recovery from its daily low of 1.1526. EUR/USD Price Prediction: Technical […]
EUR/USD Price Prediction: Support for Euro from Hawkish ECB Outlook
On Friday in European trading, the euro (EUR) was hovering around 1.1550, showing a slight increase of 0.17% against the US dollar (USD). The rise in the euro, along with major currency pairs, reflects strong expectations that the European Central Bank (ECB) will raise interest rates during its upcoming September policy meeting. A poll conducted […]
EUR/USD Price Outlook: Remains under pressure below the mid-1.1400s after failing to break past the 200-SMA on H4
The EUR/USD pair declined for a consecutive day on Friday, driven by renewed inflation worries linked to energy prices. This scenario has fueled speculation about a possible rate hike from the US Federal Reserve, thereby bolstering the US dollar amid escalating tensions with Iran. Currently, spot prices are around 1.1435, but the absence of significant […]
EUR/USD Price Outlook: Approaching the upper range at 1.1485 with increased momentum
The euro (EUR) gained some ground, while the U.S. dollar (USD) saw a rebound on Thursday. This shift followed recent U.S. inflation figures that led to a significant reevaluation of expected rate hikes from the Federal Reserve. The EUR/USD pair climbed to the higher end of the 1.1400 range and is now testing the upper […]
EUR/USD Price Outlook: Bulls stay wary beneath the 23.6% Fibo and 1.1470 barrier.
The EUR/USD pair is seeing some bullish interest after bouncing back from a horizontal resistance level that was established at 1.1460-1.1470 the previous day. Still, it hasn’t really broken free from the range observed a few weeks back. During the Asian session on Wednesday, prices remained between 1.1435 and 1.1440, marking a second consecutive day […]
What does the near future hold for EUR/USD?
In the early trading session in Europe on Tuesday, the euro (EUR) gained about 0.12% against the US dollar (USD), reaching approximately 1.1395. Several major currency pairs increased as the US dollar underwent a correction, anticipating the release of the June US Consumer Price Index (CPI) data at 12:30 PM Japan time. As of now, […]
EUR/USD Price Outlook: 20-day EMA serves as a crucial obstacle close to 1.1460
EUR/USD Trading Update On Monday morning in Europe, the EUR/USD pair dipped slightly to about 1.1428. Major currency pairs are experiencing some selling pressure as the US dollar gains strength following a disappointing weekly close. During late trading in Asia, the US dollar index (DXY), which gauges the dollar’s performance against six major currencies, was […]
EUR/USD is revisiting an important area as the US dollar weakens following heightened expectations of a tough stance.
Basic overview USD: The US dollar gained strength following last week’s assertive projections from the Fed, prompting a reassessment of interest rate expectations. To clarify, the Fed surprised many by forecasting a rate hike this year, while most anticipated no changes. Currently, there’s an expectation for a 32 basis point tightening by year-end, with a […]
EUR/USD Price Outlook: Drops under 1.1450 due to oversold RSI momentum
The EUR/USD is currently trading lower, hovering around 1.1425 early Friday in European markets. This drop can be attributed, in part, to the uncertainty surrounding the U.S.-Iran peace negotiations, which have bolstered the U.S. dollar as a safe-haven currency. Consequently, major currency pairs are facing some challenges. According to Reuters, the Swiss Foreign Ministry has […]