EUR/USD

Weekly Forex Forecast: DXY rebounded off key support near 104.35 with resistance at 105.05 and 105.75 to watch. EUR/USD faces resistance around 1.0900; breach of 1.0780 support could lead lower. GBP/USD and USD/CHF demand close attention for breakouts or reversals as markets stay range-bound. Stay alert for ECB cues and US data shaping this week’s moves. Analysis by Justin Bennett via Forex Factory.

Jerome Powell’s Jackson Hole speech emphasized ongoing inflation concerns and left the door open for further Fed rate hikes. EURUSD saw initial gains before pulling back amid cautious market sentiment. Traders now await upcoming US data for clues on future policy moves. Credit: XTB Market Analysis Team (www.xtb.com)

Euro and British pound gain ground against the US dollar in early trading as signs of easing US inflation and expectations of a Fed pause contrast with the ECB and BoE’s hawkish stance. Market eyes remain on upcoming central bank moves and economic data influencing forex volatility.

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EUR/USD surged past 1.1700 following Federal Reserve Chair Jerome Powell’s dovish comments. Powell highlighted ongoing labor market challenges and described recent inflation spikes as mostly transitory, signaling a cautious approach to policy tightening. This led to a pullback in U.S. Treasury yields and a weaker dollar, boosting the euro. Markets are now pricing in a slower pace of Fed rate hikes, underlining the impact of Powell’s tone on currency sentiment. Source: FXStreet, Eren Sengezer

EUR/USD bears are tightening control as the pair tests a critical support zone around 1.0750. A decisive break here could accelerate declines toward 1.0650 amid strong US fundamentals and weakening eurozone outlook. Traders should prepare for increased volatility ahead as key economic data and central bank signals loom.

EUR/USD trades cautiously mid-day, slightly higher but confined below key resistance at 1.0894–1.0915. Momentum remains subdued with RSI near neutral and MACD flat. Watch 1.0788 support; a break below could resume bearish trends, while a clear break above resistance may trigger bullish momentum. The pair remains range-bound as markets await fresh catalysts. Source: ActionForex.com

This article expands on the original XTB analysis of Jerome Powell’s Jackson Hole speech and its impact on EUR/USD. Powell’s cautious tone on inflation and rate hikes prompted the euro to strengthen against the dollar, breaking key resistance levels. Full credit to the XTB research team for the foundational insights. Read more at xtb.com.

US Dollar gains momentum ahead of Fed Chair Powell’s Jackson Hole speech, putting GBP/USD and EUR/USD under pressure. Strong US data and rising Treasury yields bolster the Greenback as markets seek clues on future rate moves. Focus remains on whether Powell signals continued tightening or a pause, with UK and Eurozone economies showing divergence from US resilience.

EUR/USD holds near 1.07-1.09 as markets weigh ECB dovishness versus Fed hawkishness. USD/JPY tests 157 amid yield differentials while BOJ sticks to easing. AUD/USD faces pressure from risk sentiment shifts. The U.S. dollar remains caught between mixed economic signals and uncertain direction. #Forex #USD