EUR/USD clings to the crucial 1.18 support amid solid US GDP growth of 4.0% and Fed’s dovish stance. Euro buoyed by risk sentiment and cautious optimism, while technicals highlight key resistance and support zones. Market eyes evolving macro trends. #Forex #EURUSD
US Dollar slips as market bets on Fed rate cuts gather pace. Weaker US data and dovish Fed signals push the Greenback down, fueling strength in GBP/USD and EUR/USD. Treasury yields fall, easing pressure on risk currencies and lifting Euro and Pound against the dollar.
GBP/USD holds steady above 1.35 as the Fed’s dovish shift weakens the dollar. The BoE’s hawkish stance and strong UK data support the pound, setting the stage for key moves as markets weigh future policy paths. Traders eye 1.36 and beyond for the next breakout.
U.S. weekly initial jobless claims fell to 214,000, beating expectations and signaling continued labor market strength. Despite Fed rate hikes, employment remains resilient, with steady job growth and low unemployment pointing toward ongoing economic stability.
USDCHF wave analysis reveals a completed corrective phase and the start of a new bearish impulse, signaling continued downside momentum. Key support at 0.8680 and 0.8600 could see tests if sellers remain dominant, while resistance near 0.8800 may cap rallies. Traders should watch these technical zones closely for trading opportunities. Full technical outlook by FxPro News.
The EUR/USD pair holds steady near 1.1800 despite a stronger-than-expected 4% US Q2 GDP growth. While robust US consumer demand and investment boost the dollar, the euro remains supported by expectations of ECB monetary tightening, weakening dollar momentum, and positive Eurozone data. Technically, EUR/USD hovers at key support with indicators suggesting range-bound trade unless a breakout occurs. Traders should watch central bank policies and economic data from both sides for future direction.
EUR/USD remains pinned below 1.1800, consolidating amid lighter volumes during year-end holidays. Lack of major data and subdued US dollar moves keep price action rangebound and indecisive. Technicals signal a neutral stance as traders await fresh catalysts to break the stalemate.
GBP/USD remains strong above 1.35 as dollar weakens on dovish Fed signals. With UK economic resilience and cautious Bank of England stance, the pound gains momentum. Key resistance at 1.37—with positive technicals supporting further upside if dollar stays under pressure.
U.S. initial jobless claims dropped to 214,000 for the week ending Dec. 16, beating expectations of 223,000 and signaling continued resilience in the labor market despite economic uncertainties. The four-week average fell to 219,000, underscoring steady employment conditions.
USD/CHF wave analysis reveals a bullish impulse unfolding after a corrective phase, aligned with Elliott Wave patterns. Momentum and volatility indicators support further upside, though mild overbought signals suggest watchfulness for pullbacks. Traders should consider entries on retracements with stops below Wave B low. Fundamental factors like US Fed policy and Swiss economic data remain key to confirming the trend’s strength. #Forex #USDCHF #ElliottWave
