The EUR/USD currency pair has been trading in a narrow range of 1.0560-1.0800 for several weeks now, and according to UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, this trend is expected to continue in the near future. In the last 24 hours, the pair has.
EUR/USD has been holding steady at 1.07 despite a significant move in US rates. According to economists at ING, the direction of the pair is likely to be determined by the Fed’s response to recent market turbulence, particularly the fallout from the SVB crisis. Unwinding of Hawkish Rhetoric Expected to.
The European currency has given up some recent gains and briefly tested the 1.0680 region as Italy’s Industrial Production falls short of expectations. The US CPI report is also awaited in the NA session. EUR/USD Corrects Lower as Italy’s Industrial Production Falls Short of Expectations The EUR/USD currency pair has.
Introduction: The EUR/USD currency pair has been on an uptrend for the past three days, hovering around a one-month high. However, the convergence of 50-DMA and 38.2% Fibonacci retracement level are posing challenges for buyers. On the other hand, the sustained bounce off 100-DMA and the strongest bullish MACD signal.
The EUR has been gaining momentum and is expected to advance further to 1.0740, according to the 24-hour view. However, major resistance at 1.0800 is not expected to come under threat. A breach of minor support at 1.0620 could indicate a easing of upward pressure. EUR gains momentum, expected to.
The EUR/USD currency pair is currently moving up and down in a narrow range slightly below 1.0600. However, economists at ING have warned that a weak Nonfarm Payrolls release could send the pair all the way back to where it started the week, near 1.0700. According to ING, the recent.
The EUR/USD pair bounced off multi-week lows after Fed Chair Jerome Powell’s testimony on Tuesday. The renewed offer bias in the greenback forced the US Dollar Index (DXY) to give away part of its recent gains. Moreover, the loss of traction in US yields across the curve and dwindling bets.
Introduction The EUR/USD pair faced a significant sell-off on Tuesday, following Federal Reserve Chairman Jerome Powell’s testimony before the U.S. Senate. The hawkish tone of his comments triggered a dollar rally, with expectations rising that the Fed might hike by 50 bps at the March meetings. In this article, we.
The EUR/USD pair is struggling to maintain its medium-term uptrend line, as it faced a new seven-week low of 1.0530 on Monday amidst a bearish sentiment in the market. Technical indicators suggest that the pair could face further losses, with the 20- and 50-day simple moving averages posting a bearish.
The Euro-US Dollar (EUR/USD) currency pair has experienced a sharp drop over the past few weeks, largely due to the strength of the US economy, as opposed to weakness in the Euro area. Despite the Economic Surprise Index (ESI) of the Euro area being largely flat, it is still at.
The Euro to US Dollar exchange rate (EUR/USD) has broken out below a 9-day tight trading range, which may be good news for the bears, but experts predict that a bounce may be coming soon. According to reports, the market is likely to bounce, but it may have to.
The euro extended its losses against the US dollar on Wednesday as the greenback gathered strength across the board. EUR/USD lost 0.6% to 1.0670, an important technical level that has acted as a solid support on several occasions over the past few weeks. While the medium-term outlook remains positive after.