Approximately 22.7% of daily forex trades. This pair, often called “Fiber,” is the most traded due to the economic strength of the Eurozone and the United States, offering high liquidity and tight spreads.
EUR/USD approaches crucial 1.1650 support amid rising September volatility. Bulls must defend this level to prevent deeper losses as Federal Reserve hawkishness contrasts with ECB caution. Technicals show bearish momentum but oversold conditions hint at possible short-term relief. Market eyes key macro factors and geopolitical risks for direction in Q3.
EUR/USD continues to trade within a narrow range as investors await key economic data and central bank moves. Resistance near 1.0900 caps upside while support around 1.0830–1.0800 limits downside. Range-bound action likely to persist until fresh catalysts emerge. Analysis by Justin Low, ForexLive via ForexFactory.com.
The latest Eurozone Consumer Price Index (CPI) report, analyzed in an original article by Fawad Razaqzada on ThinkMarkets, could play a decisive role in shaping the EUR/USD exchange rate into the second half of 2024 and potentially toward 2025 highs. As inflation figures remain central to monetary policy decisions, traders await this data release for clues on the European Central Bank’s (ECB) next moves and how these might influence the euro’s strength relative to the US dollar. The current market backdrop features a relatively narrow EUR/USD trading range amid diverging expectations between the ECB and the US Federal Reserve. Elevated core inflation in the Eurozone coupled with softer economic growth has posed challenges for the ECB, which seeks to curb inflation without stalling the economy. A headline CPI close to or above estimates near 2.5 percent could reinforce hawkish expectations and boost the euro, while a weaker-than-forecast print might raise bets on future ECB rate cuts and dampen the currency. Technically, EUR/USD has been contained below key resistance around 1.0900, with support near the 200-day moving average close to 1.0790. A decisive upside breakout fueled by strong inflation data could open the way toward the 2025 highs near
EUR/USD opens September with bearish pressure after a strong summer rally. Key support at 1.0800 and resistance near 1.0850 to 1.0930 will define near-term moves. Central bank policies and upcoming data point to heightened volatility. Read the full analysis by Christopher Lewis on DailyForex.com.
EUR/USD remains near 1.0680 as market focus shifts from central banks to US economic data. With bearish momentum intact and key resistance at 1.0750, upcoming US jobs and inflation reports will likely shape the pair’s next move. Traders watch closely for signals on near-term direction.
EUR/USD climbs as doubts grow about further Federal Reserve rate hikes. Weaker U.S. data and cautious Fed remarks fuel euro strength and put pressure on the dollar. Technical signals support continued upside, but market eyes remain on upcoming economic releases and policy cues. #Forex #EURUSD
Euro edges closer to a medium-term bullish breakout against the USD as technicals signal strength. EUR/USD is testing key resistance between 1.0880 and 1.0920, backed by a golden cross and rising momentum indicators. A break above could target 1.1000 and mark a shift in market sentiment. Traders should watch for confirmation amid ECB and Fed cues. #Forex #EURUSD
EUR/USD shows a potential bullish breakout as an inverse head and shoulders pattern nears neckline resistance around 1.0900. Meanwhile, the DXY tests a bearish head and shoulders neckline near 104.00, signaling possible dollar weakness. Watch Federal Reserve data-driven policy cues and ECB signals for momentum confirmation in coming sessions.
EUR/USD edges above 1.0800 as dollar weakness aids euro recovery. Fed’s cautious stance and falling US Treasury yields weigh on the dollar, while ECB’s measured tone limits euro upside. Key economic data and central bank moves will shape near-term direction.
USD holds steady ahead of key US jobs report as markets await fresh labor data for insights on Fed rate path. Recent economic resilience supports the dollar while the euro and pound face pressure amid soft economic signals and policy uncertainty. Stay tuned for updates on NFP impact. Original Article Credit: Mitrade News, “Forex Today: US Dollar Steadies Ahead of US Jobs Report,” Mitrade.com
