The US Dollar maintained a weak tone throughout the first half of the day, helping the EUR/USD extend its modest advance towards the 1.0860 region during the European session.
EUR/USD Current price: 1.0854 The US Dollar remains on the back foot, although losses are limited ahead of US inflation data. The United States Durable Good Orders came in better than anticipated in February. EUR/USD hovers around 1.0850 and lacks directional momentum in the near term. Major pairs have remained confined to tight ranges since the week started as the macroeconomic calendar has remained scarce and as market players fully price in central banks' monetary policy decisions.
However, the report had no impact on EUR/USD. EUR/USD short-term technical outlook The EUR/USD pair holds on to modest gains but has made no progress. It keeps trading between Fibonacci levels, contained by the 38.2% retracement of the 1.0694/1.0981 rally at 1.0870, while currently above the 50% retracement of the same run at 1.0835. The bullish potential, however, remains limited according to technical readings in the daily chart.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
US Dollar Forecast: PCE Data to Steal Show; EUR/USD, USD/JPY, GBP/USD SetupsThis article analyzes the outlook for the U.S. dollar, focusing on three of the most traded currency pairs: EUR/USD, USD/JPY and GBP/USD. Key tech levels worth keeping an eye on in the coming days are discussed in depth.
Weiterlesen »
Markets on Edge Before US PCE Data; Outlook – Gold, EUR/USD, USD/JPY, GBP/USDThis article provides an in-depth analysis of the outlook for EUR/USD, USD/JPY, GBP/USD and gold prices, exploring various potential scenarios that may manifest over the coming days and weeks.
Weiterlesen »
EUR/USD Forecast: Euro turns south after failing to clear key resistanceAfter failing to clear 1.0860 resistance on Tuesday, EUR/USD turned south and declined toward 1.0800 early Wednesday.
Weiterlesen »
EUR/USD Forecast: Recovery loses momentum as Greenback holds upBets for interest rate cuts in June by the Fed and ECB helped the pair.
Weiterlesen »
EUR/USD Forecast: Outlook shifts to constructive above 1.0830EUR/USD added to Friday’s gains and climbed to new two-week highs in the 1.0865–1.0870 band at the beginning of the week.
Weiterlesen »
EUR/USD Weekly Forecast: Central banks paving the way for June rate cutsThe EUR/USD pair surged to 1.0981, its highest in almost two months, on Friday, ending the week at around 1.0950.
Weiterlesen »