EUR/USD Price Prediction: Approaches 1.1800 level above 50-day EMA
The EUR/USD pair saw a rebound after three consecutive days of decline, trading around 1.1790 during the Asian session on Thursday. The 14-day Relative Strength Index (RSI) stands at 47, which indicates a neutral momentum. An RSI below 50 seems to balance things out, possibly limiting any further momentum. Looking at the daily chart, the […]
EUR/USD declines as markets await FOMC Minutes
EUR/USD Update: Market Movements and Economic Data The EUR/USD pair is currently facing challenges, primarily influenced by recent U.S. economic data that slightly bolstered the dollar. There’s an added layer of uncertainty surrounding the euro, particularly following a report from the Financial Times suggesting that European Central Bank President Christine Lagarde might step down before […]
EUR/USD retreats from 1.1850 as Lagarde suggests a possible early exit
This week, the euro (EUR) has struggled against the US dollar (USD). Attempts to rebound from a low of 1.1805 have faltered just below 1.1850, with the euro hovering around 1.1835. This comes amid speculation that European Central Bank (ECB) President Christine Lagarde may resign before her term ends in October 2027. A report from […]
EUR/USD remains stable, unaffected by disappointing Eurozone manufacturing figures
On Monday, the euro (EUR) was nearly unchanged against the US dollar (USD), trading at around 1.1865. The factory output figures from the Eurozone for December reflected expectations of a significant drop, yet the currency pair didn’t see much movement, likely due to lower trading volumes. Data from Destatis revealed that Eurozone industrial production dipped […]
Westpac aims for 1.22 in EUR/USD and 1.41 in GBP/USD over the long term
Westpac Forecasts a Weaker Dollar Amid Global Economic Shifts Westpac has indicated that the outlook for the dollar is leaning towards a decline, suggesting that risks are predominantly negative. Looking forward, U.S. economic growth is anticipated to exceed the trend in 2026, largely driven by consumer expenditure and technological investments. Despite this positive forecast, inflationary […]
EUR/USD remains low around 1.1850 as holiday breaks in the US and China limit trading activity
The EUR/USD pair opened the week on a weak note, hovering around 1.1860 during Asian trading on Monday. Trading volumes are likely to stay low, particularly with US markets closed for President’s Day and mainland China observing the week-long Lunar New Year break. However, the drop in EUR/USD might not be too pronounced. Weak January […]
EUR/USD stabilizes around 1.1870 due to declining US inflation affecting the Dollar
The euro (EUR) recovered some of its value against the US dollar (USD) on Friday, with the EUR/USD pair bouncing back from earlier declines as weaker US Consumer Price Index (CPI) data impacted the dollar. As of this writing, the currency pair was around 1.1870, showing little change for the day, but still on track […]
EUR/USD Price Prediction: Approaches nine-day EMA support around 1.1850
The EUR/USD currency pair has seen a downward trend for four consecutive days, currently trading around 1.1870 during Asian hours on Friday. The 14-day Relative Strength Index (RSI) is above the midpoint at 56, which suggests that momentum remains stable. Even though the RSI has slightly decreased, it stays above 50, indicating a positive momentum […]
EUR/USD shifts to a positive stance on daily charts as the US Dollar’s rebound weakens.
The euro (EUR) saw a slight increase against the US dollar (USD) on Thursday, trading at 1.1880. This was a rise from the previous day’s low of 1.1833. The losses for the pair have decreased somewhat, influenced by a moderate appetite for risk and a strong U.S. non-farm payrolls (NFP) report contributing to USD weakness. […]
EUR/USD pulls back from peaks as the US Nonfarm Payrolls report approaches.
As of Wednesday, the euro (EUR) is trading around 1.1900, having bounced back from earlier lows against the US dollar (USD) while encountering resistance at February peaks near 1.1925. Still, it sits about 1.1% higher than last week’s lows, amid fresh worries about the economic outlook following some disappointing US data. Everyone is now looking […]