EUR/USD prices attempted to rebound last week, reaching the resistance level at 1.0753. However, the dollar recovered strongly after consumer spending data showed stronger-than-expected growth in the first quarter of the year. Recently, EUR/USD dipped to 1.0674 support before ending the week around 1.0692. On the other hand, the dollar remained in the spotlight ahead […]

The EUR/USD is expected to show strength this week, though it is likely to stay above the psychological support level of 1.05. According to several forex analysts, the euro is under pressure against the dollar as markets anticipate the European Central Bank independently proceeding with rate cuts in June, without mirroring similar actions by the […]

Throughout the previous week, the EUR/USD attempted to rebound, although its gains were limited and it could not break the 1.0700 barrier, as selling pressure remained stronger and the US dollar had several supporting factors. Although the EUR/USD was able to close the week stable near the 1.0655 level, during the same week the pair […]

EUR/USD is holding unchanged above 1.0600, after posting losses on Tuesday. Short-term estimates indicate that the EUR/USD could extend its recovery if it breaks the 1.0660 level. On Tuesday, the EUR/USD moved higher in the early hours of the US session after poor US housing data weighed on the dollar (USD). Later, however, announcements by […]

The EUR/USD has bounced from five-month lows despite market expectations regarding the Federal Reserve (Fed). Meanwhile, members of the European Central Bank (ECB) indicated that there is a high possibility of more than three rate cuts this year. There is also a strong possibility that investors will seek refuge in the US dollar (USD) due to […]

The EUR/USD fluctuated this Wednesday morning in anticipation of consumer inflation data and the upcoming US Federal Reserve (Fed) minutes. During that time, the EUR/USD was trading at 1.0850, up from this month’s low of 1.0725. Today’s calendar has no important data scheduled from the euro zone. In Europe, the focus is on the possibility that […]

The EUR/USD’s downtrend worsened, and the pair fell to its lowest level since February 15th of this year. According to the economic calendar, the most recent employment report showed that the U.S. economy added nearly 303,000 jobs last month, the largest increase in 10 months and far exceeding market estimates of a 200,000 increase. In addition, […]

EUR/USD hit the lowest level in a month and a half and reached 1.0730. The EUR/USD is likely to remain in this trend in expectation of a possible reaction that may be generated by the announcement of the US employment figures this week. Breaking the 1.0800 support level could enable bears to push EUR/USD towards […]

EUR/USD technical indicators are likely to move towards oversold saturation levels. At the start of April trading, the EUR/USD is moving below the psychological support level of 1.0800 with losses extending to 1.0767, its lowest level in a five-week span. This behavior is seen after first quarter losses reached 2.3% amid speculation of a possible […]

The euro (EUR) fell sharply against the dollar (USD) last week on growing confidence that the European Central Bank (ECB) will cut interest rates by June, while the market expects the Federal Reserve (Fed) to cut rates only in July. This difference in timing of rate cut expectations could potentially strengthen the dollar until the […]