The EUR/USD pair kicked off the new week on a positive note during the early Monday trading hours in Asia. The recovery of this currency pair is supported by the prevailing weakness of the US Dollar (USD). Having bounced from last week's low of 1.0656, the pair remains constrained below the resistance level of 1.0700. Currently, the main currency pair is trading...
EUR/USD struggles to find direction on Friday, hovering within a narrow range just below 1.0700. US Consumer Sentiment, falling to 60.4 in November from October's 63.8, adds pressure. Wall Street trades in the red after Thursday's decline, impacting USD demand. The Relative Strength Index (RSI) on the 4-hour chart drops below 50 as EUR/USD slips below the midpoint...
The EUR/USD exchange rate remains at a low level and is currently hovering near the weekly bottom, just above the 1.0600 mark. The US Dollar stands firm, nearing its highest level in a week reached on Thursday in response to hawkish comments from some FOMC members, and this has emerged as the key factor exerting pressure on the EUR/USD pair. It endeavors to hold...
The EUR/USD exchange rate paused after reaching 1.0667 but remained above the crucial support level of 1.0600 in the early Asian trading session on Friday. The decrease in US Treasury bond yields and the US Dollar (USD) correction provided some support for this pair. The 10-year Treasury bond yield dropped to 4.66%, the lowest since October 13. Traders are...
Despite negative data from the Eurozone (weaker growth and confidence, lower inflation), the calm Dollar environment warns that EUR/USD could rise again. The range of 1.0520 to 1.0700 appears to be the new short-term range, and EUR/USD might climb towards 1.0650/1.0675, possibly triggered by the US unemployment claims announcement. The data calendar is light, but...
In the early Thursday Asian trading session, the EUR/USD pair surged above 1.0580. The weakness in the US Dollar (USD) following the Federal Open Market Committee's (FOMC) policy meeting provided some support to the major currency pair. Currently, EUR/USD is trading around 1.0597, showing a 0.26% increase for the day. During the FOMC meeting held on Wednesday,...
EUR/USD remains on the defensive below the 1.0600 level in Wednesday's Asian trading. The pair weakens amid a cautious risk tone, while the US Dollar stands firm ahead of the Fed's interest rate decision and crucial US employment data. On the daily chart of EUR/USD, the price once again oscillates near the 55-day Simple Moving Average (SMA). The pair attempts to...
EUR/USD continues its upward momentum, reaching a six-day high at 1.0630. Improved risk sentiment and stable bond yields are pressuring the US Dollar. On Tuesday, as the FOMC meeting kicks off and the Eurozone releases inflation data, the common currency faces a critical juncture. The daily chart of EUR/USD shows a lack of clear direction, indicating the pair...
The EUR/USD pair struggles to capitalize on previous positive moves and trades with slight bearish momentum in the Asian session on Tuesday. However, the spot price attempts to hold above the key level of 1.0600 and remains contingent on the price dynamics of the US Dollar (USD). The tightening stance of the Federal Reserve (Fed) further supports higher US...
EUR/USD is trading sideways around 1.0550 on Monday morning in Europe. Traders are cautious ahead of crucial inflation and GDP data from Germany. Political tensions remain a cause for concern. EUR/USD might face strong resistance around 1.0570-1.0580, where the Fibonacci retracement level of 23.6% of the latest downward trend, the 100-day Simple Moving Average...
EUR/USD remained stable around the 1.0550 mark on Monday morning in Europe. Traders are cautious, refraining from making significant moves on the Euro ahead of crucial inflation and GDP data from Germany. Ongoing political tensions also add to market apprehension. The EUR/USD pair started the week with minor losses in the early Asian trading hours. Amid a busy...
In Asian trading on Thursday, EUR/USD remains defensive, hovering around 1.0560, the lowest in a week, as traders await the European Central Bank (ECB) interest rate decision. The currency pair continues its decline for the second consecutive day, extending its retreat from monthly highs. Support was found around the 20-day Simple Moving Average (SMA) at 1.0560....
The EUR/USD pair remains on the defensive in the Asian trading session on Thursday, currently trading around the 1.0560 area, or its lowest level in a week, as traders eagerly anticipate the European Central Bank's (ECB) interest rate decision. The EUR/USD exchange rate has continued its decline for the second consecutive day, extending its retreat from monthly...
EUR/USD is testing the 1.0600 threshold after discovering fresh demand in early Wednesday's Asian trading session. The pair's recovery is bolstered by the temporary pause in the US dollar's overnight rebound. Traders are closely eyeing Germany's IFO survey, a pivotal focus for Euro investors. The EUR/USD rate sharply dipped from its recent monthly high near 1.0700...
EUR/USD continues its recovery but remains below the 1.0700 level early on Tuesday. The pair benefits from the decline in US Treasury yields and the weakness of the US dollar. Positive changes in risk sentiment support the new upward trend. Keep an eye on EU/US PMI data. The EUR/USD exchange rate accelerated its gains on Monday, surpassing the 1.0640 level. It...
In the early hours of Tuesday's Asian trading session, the EUR/USD pair rose above the 1.0600 mark. This significant increase, reaching its highest level in a month, was supported by a weakened US Dollar. EUR/USD is currently trading at 1.0670, a minor decrease of 0.01% for the day. The EUR/USD exchange rate gained momentum on Monday, surpassing the 1.0640 level....
In Monday's Asian trading session, EUR/USD remained below the crucial 1.0600 mark. Traders, assessing developments in the Middle East, limited the pair's upward movement, as the U.S. Dollar gained strength amidst higher yields and a declining stock market. The EUR/USD exchange rate marked its third rise in four days, trading above the 20-day Simple Moving Average...
The EUR/USD pair faced challenges in its upward movement and continued to decline during early Thursday's Asian trading session. Escalating political tensions in the Israel-Hamas conflict and higher US Treasury bond yields exerted pressure on this currency pair. The EUR/USD exchange rate rose to 1.0595 and then retraced, forming a short-term double-top pattern....