On Monday, the EUR/USD pair broke out of a consolidation zone that had held for several days, reaching its highest level since February 2022, around 1.1485. The advance was driven by persistent bearish sentiment surrounding the U.S. dollar (USD), which favors the continuation of the strong uptrend that has characterized the pair in recent weeks. […]
Daily Technical Analysis: EUR/USD Gains Ground Above 1.1250 Ahead of U.S. Retail Sales Data
The EUR/USD pair is trading in positive territory around 1.1285 on Wednesday, with the U.S. Dollar (USD) hovering near a three-year low against the Euro (EUR) as global trade tensions persist. Market participants are closely watching for the release of U.S. retail sales data and a speech by Federal Reserve (Fed) Chair Jerome Powell, both […]
Daily Technical Analysis EUR/USD: The Pair Trades Around 1.1350 After Two Days of Gains
The EUR/USD pair edged lower during Monday’s trading, hovering near 1.1360 after two days of gains. The recent uptick was largely fueled by broad-based U.S. Dollar (USD) weakness, as mounting trade tensions between the U.S. and China reignited fears of a global economic slowdown. On Friday, China’s Ministry of Finance announced a steep increase in […]
Daily technical analysis EUR/USD: firms up as traders hold their breath in anticipation of tariffs
EUR/USD remained range-bound on Tuesday, hovering near the 1.0800 level as investors braced for U.S. President Donald Trump’s long-anticipated “reciprocal” tariffs package, set to be announced on Wednesday at 19:00 GMT (4:00 PM EST). The details of the tariff plan remain uncertain, with previous proposals shifting multiple times or facing delays—Trump has already postponed similar […]
Daily Technical Analysis EUR/USD: Hits Multi-Year Highs Ahead of Fed Rate Decision
EUR/USD edged higher on Tuesday, rising 0.2% as the pair continues testing the 1.0950 region. The euro reached a fresh 23-month high, supported by improved risk sentiment ahead of the Federal Reserve’s interest rate decision on Wednesday. Final European Harmonized Index of Consumer Prices (HICP) figures are also due midweek, though no major revisions are […]
Daily Technical Analysis: EUR/USD Holds Below 1.0900 Ahead of US Retail Sales Data
The EUR/USD pair remains stable around 1.0880, with the US Dollar (USD) holding firm ahead of Monday’s Retail Sales data release. However, the Greenback came under pressure after the University of Michigan (UoM) Consumer Sentiment Index for March fell to 57.9, its lowest level since November 2022, down from 64.7 and below the consensus estimate […]
Daily Technical Analysis: EUR/USD Rises Despite Trade Conflicts, Markets Focus on US CPI Inflation Data
The EUR/USD surged higher on Tuesday, briefly touching the 1.0950 level as bullish momentum continued to build. The pair reached fresh 22-week highs, with euro buyers maintaining control in recovery territory. U.S. Data in Focus Amid Sparse EU Releases This week, foreign exchange traders remain focused on U.S. economic data, as the European calendar remains […]
Daily Technical Analysis: EUR/USD Holds Above 1.0850 Amid US Growth Uncertainty
EUR/USD kicked off the week on a positive note, trading near 1.0860. The pair’s upward momentum is fueled by growing concerns over a potential slowdown in the US economy. On Sunday, San Francisco Fed President Mary Daly noted that rising uncertainty among businesses could weaken demand but does not warrant an immediate change in interest […]
Daily Technical Analysis: EUR/USD Rises Above 1.0400 Ahead of European Inflation Indicators
The EUR/USD pair experienced a strong rebound on Tuesday, gaining 1.4% and adding 140 pips in a single session. The decline of the U.S. dollar fueled the euro’s rise as markets speculated on the possibility that President Donald Trump might reconsider his tariff threats. Trade War Takes Center Stage In line with his unpredictable style, […]
Daily Technical Analysis EUR/USD: Pair Rises Above 1.0400 Ahead of EU Inflation Data
The EUR/USD halted its three-day decline, trading near 1.0410. The pair’s recovery is supported by a softer US Dollar (USD) following the release of January’s Personal Consumption Expenditures (PCE) inflation data, which aligned with expectations and eased concerns about unexpected inflation spikes in the US. US Inflation Data Eases Market Worries The PCE inflation report […]