Skip to content
Risk warning: Our products are leveraged and carry a high level of risk, which can result in the loss of your entire capital. Such products may not be suitable for all investors. It is crucial to understand the risks involved fully.
  • Support
  • For Institutionals
  • Trading

    Trading Platforms

    • MetaTrader 4 Terminal
    • MetaTrader 5 Terminal
    • PAMM Accounts
    • Equinix Trading Server

    Markets coverage

    • Forex Currencies
    • Spot Metals
    • Commodities

     

    • CFDs on Stocks
    • Indices
    • CFDs on Crypto

    Start Trading

    • Standard Accounts For individuals
    • Institutional Account For professionals
    • Deposits & Withdrawals
  • Conditions

    Trading Conditions

    • Spreads Overview
    • Swap-Free
    • Leverage Information

     

    • CFD Specifications
    • Full Trading Conditions

    Invest on your terms

    Transparent pricing, reduced trading costs, and leverage that adapts to your strategy.

    Explore conditions
  • Tools
    • Weekly Outlook
    • Daily Technical
    • Market Commentary
    • Economic Calendar
    • News & Insights
  • About
    • About OnEquity
    • Company News
    • Legal Documentation
    • Client Protection
    • Help & Support
    • FAQs
  • Partners
Edit Content
  • English
    ACTIVE
Other languages:
  • Español – Spanish
  • Português – Portuguese
  • English – International
  • Trading
    • Markets Coverage
    • MetaTrader 5 Platform
    • MetaTrader 4 Platform
    • Standard Accounts
    • Institutional Account
    • PAMM Accounts
    • Equinix Trading Server
    • Deposits & Withdrawals
  • Conditions
    • Spreads Overview
    • Leverage Information
    • Swap-Free Trading
    • CFD Specifications
    • Full Trading Conditions
  • Tools
    • Daily Technical
    • Weekly Outlook
    • Market Commentary
    • Economic Calendar
    • News & insights
  • About
    • About OnEquity
    • Company News
    • Legal Documentation
    • Client Protection
    • Help & Support
    • FAQs
  • Partners
  • Client Portal
  • Open Account
Edit Content
  • English
    ACTIVE
Other languages:
  • Español – Spanish
  • Português – Portuguese
  • English – International
Open Account
Client Portal
Analysis, Daily Technical

Daily Technical Analysis: EUR/USD Trades Below 1.100 on Possible ECB Rate Cuts

September 9, 2024 OnEquity

The EUR/USD is attempting to recover last session’s losses and is trading around 1.090 during Monday’s Asian session. However, the EUR/USD’s gains may be limited, as recent Eurozone inflation data has increased expectations for a rate cut by the European Central Bank (ECB) at its next meeting.

With headline inflation close to 2% and longer-term inflation estimates remaining around the same level, the ECB has sufficient justification to continue easing monetary policy. In addition, mixed Eurozone Gross Domestic Product data in the previous week has reinforced expectations of a possible rate cut by the ECB.

On Friday, U.S. economic data raised doubts about the likelihood of an aggressive rate cut by the Federal Reserve at its September meeting. The U.S. Bureau of Labor Statistics reported that nonfarm payrolls added 142,000 jobs in August, below the estimated 160,000 but an improvement over the revised July figure of 89,000 jobs. The unemployment rate fell to 4.2%, in line with estimates, from the previous month’s rate.

According to CME’s FedWatch tool, markets anticipate at least a 25 basis point rate cut by the Fed at its September meeting. The likelihood of a 50 basis point cut has decreased to 29.0%, down from 30.0% a week ago.

Federal Reserve Bank of Chicago President Austan Goolsbee stated on Friday that Fed officials are aligning with the market view that an interest rate tightening is imminent, as reported by CNBC.

EUR/USD Daily Technical Analysis for September 9:

The expected trading range for EUR/USD is between 1.10050 and 1.12300.

The EUR/USD price has risen significantly since the end of June, though not without challenges. Financial institutions appear to favor a dovish stance by the Fed. However, concerns about a potential tightening of the Fed’s rate policy have created market nervousness over the past week. Many analysts doubt a slowdown in the US economy.

Early trading this week is expected to be brisk. If the EUR/USD holds the support levels from last week, it may indicate that traders believe the currency pair has found a solid base. A more dovish stance by the ECB and the Fed could encourage attempts for slightly higher values.

EUR/USD chart
  • Dollar
  • Euro
  • Technical

Post navigation

Previous
Next

Search

Categories

  • Analysis (228)
  • Beginner (26)
  • Cryptos (151)
  • Currencies (197)
  • Daily Market Watch (7)
  • Daily Technical (152)
  • Education (67)
  • Expert (23)
  • Intermediate (18)
  • Markets (469)
  • News & Releases (22)
  • Stocks (311)
  • Uncategorized (1)
  • Weekly Outlook (73)

Recent posts

  • Market today: Cook’s removal rattles investor sentiment
  • Trump dismisses Fed Governor Lisa Cook in unprecedented central bank shake-up
  • Today’s stocks to watch: Interactive Brokers and Okta

Tags

Analysis Beginner Bitcoin Cardano company news Crypto Cryptocurrencies Currencies Daily daily market watch Dollar Education Elections ETF ETFs Ethereum Euro Fed Index inflation Japan market commentary Markets oil Outlook Pound Ripple SEC Solana Stablecoin Stock Market Stocks Stocks Market Stocks today Technical Technical Analysis Technology Tether Trading Trump Wall Street Weekly Weekly Outlook Yen Yuan

Related posts

Currencies, Markets

Dollar rises marginally prior to the Fed minutes; the pound sterling gains ground following the CPI increase

August 20, 2025 OnEquity

The U.S. dollar edged higher on Wednesday as traders looked ahead to the release of the Federal Reserve’s July meeting minutes, followed by the annual Jackson Hole symposium, both expected to provide fresh signals on the central bank’s monetary policy outlook. At 04:55 ET (08:55 GMT), the Dollar Index, which tracks the greenback against six […]

Currencies, Markets

Dollar Falls Modestly Ahead of Jackson Hole, Euro Gains Momentum

August 19, 2025 OnEquity

The U.S. dollar edged lower Tuesday, giving back early gains as caution prevailed following the White House summit on Ukraine. At 04:40 ET (08:40 GMT), the Dollar Index, which measures the greenback against six major peers, slipped 0.1% to 97.920 after modest overnight gains. Dollar Trades in Narrow Range U.S. President Donald Trump assured President […]

Currencies, Markets

Dollar Rises Slightly Ahead of Washington Summit; Jackson Hole Seen as Key Event

August 18, 2025 OnEquity

The U.S. dollar inched higher Monday as markets turned their focus to diplomatic efforts aimed at ending the war in Ukraine and the closely followed Federal Reserve’s Jackson Hole symposium. At 03:00 ET (08:00 GMT), the Dollar Index, which measures the greenback against a basket of six major currencies, was up 0.2% at 97.890, recovering […]

  • Privacy policy
  • Client agreement
  • Legal
  • Support
  • +2484671965
  • [email protected]
  • Chat with us
Company
  • About us
  • Regulation
  • Safety of funds
  • Company news
  • News & insights
  • FAQ
Account options
  • Standard accounts
  • Institutional account
  • PAMM accounts
  • Swap-free account
Conditions
  • Spreads overview
  • Leverage tiers
  • CFD specifications
  • Markets coverage
Trading tools
  • MetaTrader 5
  • MetaTrader 4
  • Equinix trading server
  • Economic calendar
  • Daily technical
  • Weekly outlook
  • Market commentary
OnEquity Ltd is incorporated in Seychelles as a Securities Dealer with License No. SD154, authorized by the Seychelles Financial Services Authority (FSA), adhering to the Consolidated Securities Act, 2007. Registration No. 810588-1.

The website is operated and provides content by the OnEquity group of companies, which include:

OnEquity SA (Pty) Ltd, incorporated in South Africa, Company reg. 2021/321834/07, regulated by the Financial Sector Conduct Authority (FSCA) with FSP No. 53187.

OnEquity LLC, recognized by the Registrar of International Business Companies and the Financial Services Authority in St. Vincent and the Grenadines, Registration No. 286 LLC 2020.

ONEQ Global Ltd, registered in Cyprus, Company reg. HE 435383, located at Agias Zonis 22, Limassol, focusing on comprehensive service solutions within the OnEquity Group.
Risk Disclosure: Trading in financial instruments involves substantial risk and may not be suitable for all investors. The value of investments is volatile and can result in total loss of capital. Investors should consider their financial situation, investment experience, and risk tolerance, and may seek professional advice. Past performance is not indicative of future results.

Eligibility: Services are available to individuals 18 years or older.

Restricted Jurisdictions: The content provided by OnEquity is not intended for residents of the United States, Canada, North Korea, Yemen, Iran, Belgium, Syria, or any jurisdiction where such distribution or use would be contrary to local law or regulation.

All trademarks™ and brand names belong to their respective owners and are used here for identification purposes only. Use of these names does not imply endorsement.
© OnEquity. All Rights Reserved.