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 has rebounded from recent lows, showing signs of short-term recovery as key support near 1.0700 holds and momentum indicators improve. Watch resistance around 1.0820 to 1.0900 for potential hurdles amid ongoing macroeconomic uncertainties. Source: Futunn News Team technical analysis.
The U.S. dollar remains steady as markets await key inflation data later this week. Growing expectations for a September Fed rate cut have tempered the currency’s momentum, with the dollar index holding near 105. Core PCE inflation figures will be critical in shaping the Fed’s next move and the dollar’s near-term trajectory. Adapted from Kevin Buckland via Reuters on TradingView.
EUR/USD climbs as the Euro gains strength amid a weakening Dollar. Fed’s uncertain rate path and softer US data contrast with the ECB’s firm stance, pushing the pair toward 1.17. Technicals support further upside while risk sentiment favors the Euro.
EUR/USD extends gains into the key resistance zone between 1.16924 and 1.17028. After breaking the 100- and 200-day moving averages, the pair now faces potential selling pressure as price action shows signs of stalling. Watch closely for a breakout above or a reversal that could signal the next move.
Discover how the Smart Money Concepts approach reveals institutional trader behavior to gain an edge in Forex. By mastering market structure, order blocks, liquidity pools, inducements, and fair value gaps, traders can align their strategies with “smart money” dynamics. Credit to Mamba FX for the full tutorial insights. #ForexTrading #SmartMoneyConcepts
EUR/USD is consolidating within a narrow range midday, facing bearish risks below 1.0915 resistance. A break below 1.0723 could resume downside toward 1.0600, while a clear breakout above 1.0915 may trigger bullish recovery. Cautious trading expected as market awaits decisive momentum.
EUR/USD holds steady near 1.0810 despite stronger-than-expected US Q2 GDP growth of 2.1%. The dollar remains under pressure due to cautious Fed rate hike expectations, softer inflation data, and broad risk appetite. Meanwhile, the ECB’s hawkish stance supports euro resilience amid mixed Eurozone economic signals. Traders watch key technical levels for next moves.
Gold’s near-term technical outlook hinges on upcoming U.S. labor market data as prices consolidate after recent gains. Key support lies near $1915–$1920 and $1865 (200-day SMA), while resistance clusters around $1950 and $1985–$2000. The RSI suggests neutral momentum, leaving gold poised to react to labor reports that will shape Fed policy expectations and influence yields and the dollar. Traders should watch nonfarm payrolls and unemployment figures closely to gauge gold’s next move.
EUR/USD slipped as political unrest in France unsettles the euro while uncertainty over the Fed’s next moves adds pressure on the dollar’s direction. Investors are cautious amid mixed economic data and await clearer guidance on monetary policy.
New to Forex trading? Dive into our comprehensive beginner’s guide based on Steven Hart’s video from The Trading Channel. Learn how the largest global market works, understand currency pairs, leverage, and key strategies to get started confidently.
