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.
U.S. dollar faces pressure as traders await key economic data including jobless claims and PPI. EUR/USD gains as euro tests resistance, USD/JPY slips on dollar softness despite BoJ’s steady policy, and AUD/USD benefits from improved risk appetite. Short-term outlook favors modest dollar weakness ahead of data releases.
EUR/USD continues its strong bullish run above the ascending trendline with higher highs and lows confirming momentum. Key support near 1.0850 and resistance around 1.0980 and 1.1050 will guide traders on potential breakout or pullback setups. #ForexAnalysis
EUR/USD edges up slightly as US economic data releases pause amid government shutdown fears. Fed signals cautious hawkish tone, ECB faces weak Eurozone fundamentals. Markets remain cautious, awaiting fresh signals to confirm next moves.
EUR/USD remains trapped in a low volatility zone, frustrating traders as the pair struggles to break decisively between 1.0650 and 1.0850. With aligned Fed and ECB policies and fading momentum, market participants await a clear catalyst to trigger movement.
EUR/USD faces a pivotal moment as it tests key resistance near 1.0900 ahead of the U.S. Non-Farm Payrolls report. A break above could signal a bullish reversal, while rejection may reinforce bearish pressure. Market reaction to NFP will be crucial in shaping the next move.
Eurozone manufacturing slips into contraction as factory orders fall sharply in June. Weak demand, rising inventories, and global uncertainties weigh on growth prospects for Germany, France, and others. Inflation eases but challenges remain for economic recovery. #Eurozone #Manufacturing #Economy
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The ADP Employment Report for May 2024 missed expectations with a gain of 152,000 jobs versus the forecasted 175,000. This softer data pushed the US dollar lower and lifted the EUR/USD pair by 0.3 percent as markets price in a potential Federal Reserve shift toward easing interest rates later this year.
EUR/USD remains bearish on October 1, 2025, trading below critical 50-day and 100-day EMAs. Downward momentum persists with resistance at 1.0735 and support near 1.0580. US dollar strength and Eurozone economic challenges keep pressure on the pair. A break above 1.0735 will be needed to shift the trend. Forecast points to further declines unless major catalysts emerge. Analysis based on Economies.com.
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