EURUSD has been following yield differentials higher – ForexLive
The recent huge upside momentum in EURUSD has surprised me, the pair is currently sandwiched between a major resistance at 1.1278 (July 2023 High) and support at 1.1140 (December 2023 High). EURUSD Momentum Now, if we look at the spread between the 2-year and 10-year yields, we can see that essentially this spread between the […]
EUR/USD eyes stronger breakout as dollar falters on the week – ForexLive
EUR/USD has certainly been taking strides this week, with the pair now up for four consecutive days. First it was looking to sustain the break above 1.1000. Then it was looking to challenge the December highs of 1.1123-39. Now the pair may push further towards a 2023 high of 1.1275. EUR/USD weekly chart So far […]
EUR/USD Price Analysis: The first upside barrier emerges near 1.0900 – FXStreet
In the early European session on Monday, EUR/USD is trending higher near the 1.0885 level. The pair is maintaining bullish sentiment by climbing above the 100-period EMA but the RSI indicator remains in the bearish territory. The first downside target is 1.0865, with the immediate resistance level at 1.0900. In the early hours of the […]
Euro Short-term Technical Outlook: EUR/USD Bulls Eye Range Resistance – FOREX.com US
Euro Technical Outlook: EUR/USD Short-Term Trading Levels Euro June rally hits uptrend resistance, risk of correction in the short term EUR/USD Watch for breakout of months-long consolidation – CPI, PPI due to be released Resistance ~1.0860s, 1.0879/88 (key), 1.0933/39 – Support 1.0792/94, 1.0755, 1.0724/34 (key) The Euro ended a seven-day rally yesterday with EUR/USD trading […]
EUR/USD holds position around 1.0800 as softer US data escalate odds of Fed rate cuts – FXStreet
EUR/USD is rising as the US Dollar struggles due to growing expectations of a Fed interest rate cut in 2024. The U.S. ISM Services PMI fell to 48.8 in June, the biggest drop since April 2020. The euro could be volatile as the second round of the French election approaches this Sunday. EUR/USD continued its […]
EUR/USD consolidates gains ahead of US data, key expiries in play – ForexLive
For now, it’s hard to imagine this bounce being anything more than a slight sense of relief: there were no major surprises in the outcome of the first round of the French election, and I think it’s that to which markets are primarily reacting, together with the fact that the worst-case scenario of political deadlock […]
EUR/USD keeps just under 1.0700 as the spotlight turns to US PMI data next – ForexLive
EUR/USD daily chart Today’s decline has seen the pair return to Friday’s levels and test below the 1.0700 level. Last week’s close was slightly above this level so it will be interesting to see today if sellers gain more confidence and push below. For now, large option expiries at 1.0650-60 and 1.0700 are limiting price […]
EUR/USD Price Analysis: Moves below 1.0850 despite a bullish bias – FXStreet
EUR/USD is consolidating within an ascending triangle, indicating a bullish trend. The upper limit of the ascending triangle and the psychological level at 1.0900 are likely to act as key resistance levels. The pair may test the lower limit of the ascending triangle and then the 21-day EMA at 1.0815. EUR/USD fell to around 1.0850 […]
EUR/USD refreshes weekly high ahead of inflation test from both sides of Atlantic – FXStreet
As the US Dollar continues to fall, EUR/USD further rises to 1.0880. The US dollar is falling even as investors expect the Fed to return to policy normalization in the final quarter of the year. ECB policymakers have refused to commit to further rate cuts since June. EUR/USD hit a new weekly high at 1.0880 […]
US Dollar’s Path Tied to Inflation Outlook; Setups on EUR/USD, USD/JPY, GBP/USD – DailyFX
Most read: US dollar strengthens, outperforming US CPI data. EUR/USD, USD/JPY, GBP/USD settings After a lackluster performance earlier this month, the US dollar (DXY index) rose last week, gaining about 0.23% to 105.31. The recovery was fueled by a slight rise in U.S. Treasury yields and widespread caution among traders as they await the release […]