Introduction: The EUR/USD pair has been in a state of indecision in early Monday trading, bouncing off the intraday low and defending the 10-DMA support. Despite this, the Euro pair remains largely sidelined and is struggling to break the key horizontal hurdle from late January, around 1.0930. In this article,
Introduction The Euro rose against the US dollar during the first quarter of 2023, hitting its highest level since April 2022 in early February. However, the currency’s upward momentum was short-lived as global markets experienced a risk-off mood, prompting sellers to return and preventing the Euro from breaking through a
Introduction: The EUR/USD currency pair is one of the most popular currency pairs in the world. It represents the exchange rate between the Euro and the US Dollar, and it is widely used by traders and investors as a benchmark for the overall health of the global economy. Recently, the
The US Dollar (USD) has rebounded early on Wednesday, following heavy losses against its major rivals on Monday and Tuesday. While the US Dollar Index (DXY) initially edged lower with the release of disappointing macroeconomic data from the US, it held its ground due to renewed concerns over a slowdown
Introduction: The EURUSD pair has been facing selling pressure over the last day and a half, failing to test the psychological level of 1.1000. As a result, the US Dollar has regained its safe haven appeal, leading to modest gains. This article delves deeper into the recent developments in the
The EUR/USD has been experiencing some ups and downs recently, particularly during the North American session. On one hand, a solid US Nonfarm Payrolls report caused the EUR/USD to fall and retrace towards the 1.0900 figure. On the other hand, the Euro (EUR) is set to finish the week with
Introduction The EUR/USD pair is holding steady near the key resistance level of 1.0930 on the morning of Good Friday in Europe. The pair has been on an upward trajectory for the past three weeks, successfully trading above the 100-SMA and key support lines from March. However, traders are cautious
The EUR/USD pair is currently experiencing a lull as Euro bulls take a breather, with the currency pair hovering around the 1.0920 mark. Investors are now waiting for the release of key United States employment data on early Friday. However, the major Western markets, including Europe, are currently observing the
The EUR/USD pair has been in a downtrend since May 2021, but economists at Credit Suisse believe that it will eventually see a clear and sustained break above this trend. This will lead to strength back to the year-to-date (YTD) high of 1.1035, with resistance at 1.1185/1.1275. Credit Suisse has
The EUR/USD currency pair has been trading without a clear direction around the 1.0900 region on Thursday. This region has been a major point of interest for traders in recent times, and the pair is expected to continue trading within this range for the time being. The current position of
EUR/USD came under selling pressure after testing multi-week highs near 1.0970 on Wednesday, as the US dollar rebounded slightly. The currency pair had gained traction earlier in the American session, climbing above 1.0950 following the release of private sector employment data by ADP, which showed an increase of 145K jobs
EUR/USD has gained momentum and surpassed the 1.0950 mark during the American session on Wednesday. The rise in the currency pair comes after the ADP report showed that employment in the private sector rose by 145,000 in March, which is lower than the expected addition of 200,000 jobs. This weaker-than-expected