EUR/USD is showing positive momentum, approaching 1.1755 during the early European session on Friday. The major pair maintains a positive outlook, remaining above the significant 100-day EMA, accompanied by rising RSI momentum. The primary resistance level to monitor is 1.1820, while the first support level is identified at 1.1655. The EUR/USD pair is currently positioned … Read more
EUR/USD remains stable near 1.1770 during the early Asian session on Tuesday. US Pending Home Sales increased by 3.3% month-over-month last month, surpassing expectations. Market participants prepare for the FOMC Minutes on Tuesday in search of new insights. The EUR/USD pair remains stable around 1.1770 in the early Asian session on Tuesday. Market participants are … Read more
EUR/USD edges higher during the North American session, up 0.42% amid growing speculation that the Federal Reserve would continue easing policy, amid a scarce economic docket on both sides of the Atlantic. The pair is currently at 1.1757, having recovered from daily lows of 1.1706. EUR/USD increases by 0.42% to 1.1757, recovering from 1.1706 as … Read more
The EUR/USD pair fell to approximately 1.1700 following the European Central Bank’s decision to keep key interest rates steady, a move that was largely expected and offered minimal new direction for the single currency. The main refinancing rate was maintained at 2.15%, while the deposit facility rate remained steady at 2.0%. ECB officials reaffirmed their … Read more
EUR/USD experienced a pullback on Thursday following a packed economic schedule across both sides of the Atlantic. The recent inflation data in the US, coupled with the European Central Bank’s decision to maintain interest rates steady during the final meeting of the year, had minimal impact on the value of the euro. Currently, the pair … Read more
The EUR/USD held its ground, set to conclude the week with an increase of 0.39%. Trading activity slowed, constrained by the 1.1650 level as market participants focused on the Federal Reserve’s upcoming decision next week. EUR/USD is currently consolidating around 1.1650, as technical indicators suggest a potential bearish momentum. US inflation meets expectations, and there … Read more
The EUR/USD experiences slight increases of 0.12% late on Tuesday in the North American session, reflecting an improvement in risk appetite. Anticipation for an additional Fed rate cut in December, coupled with the Eurozone’s high inflation figures, sustains demand for the shared currency. The EUR/USD is currently positioned at 1.1625, having rebounded from daily lows … Read more
EUR/USD remains unchanged on Thursday due to low trading liquidity, as US markets are closed for Thanksgiving. Ongoing expectations regarding a potential reduction in borrowing costs by the Federal Reserve continue to exert pressure on the Greenback, while the Euro appears set to conclude the week with gains. The pair is currently positioned at 1.1596. … Read more
EUR/USD experiences moderate declines during the North American session on Friday as the US Dollar maintains strength following the release of mixed economic data and dovish remarks from Federal Reserve officials. The pair is currently at 1.1504, reflecting a decrease of 0.20%, following a dip to a two-week low of 1.1491. The EUR/USD pair declines … Read more