EUR/USD pares recent gains, poised for further downside – FXStreet
EUR/USD dipped below 1.1150 as bidders struggled to maintain balance. The breakdown in bullish market sentiment has given the US dollar some breathing room. Investors will be focused on EU and US inflation figures due to be released this weekend. EUR/USD pared recent gains and retreated to a new record high this year on Wednesday […]
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 […]