EUR/USD has pulled back from earlier multi-week highs in the 1.1160s but remains well supported in the 1.1140 area. USD continues to suffer from broad weakness versus the majority of its G10 counterparts despite less optimistic Russo-Ukraine updates. Meanwhile, hot Eurozone inflation data has encouraged euro buying as US data […]
EUR/USD Forecast
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EUR/USD lost more than 100 pips on Thursday and stays on the back foot near 1.1050. Economists at Bank of America sees scope for a bottom pattern in the making. Since 1999 in April the euro had little seasonal tendency "We continue to view the 1.08s as a place where […]
EUR/USD has pivoted around the 1.10 area since early March. Despite the relatively upbeat mood of the euro , risks remain. Consequently, economists at Rabobank expect the pair to move downward to 1.08 over next month. Concrete signs of peace can likely shift EUR/USD range to 1.10 to 1.12 “We […]
Inflation sizzling in the eurozone Inflation has been skyrocketing in the US and UK, giving the Fed and BoE plenty of sleepless nights. Inflation levels had been lower in the eurozone, and ECB President Christine Lagarde has not made inflation a priority, arguing that high inflation would ease. Meanwhile, eurozone […]
The dollar dropped on Wednesday, with the safe-haven currency hitting a nearly two-week low, while the euro rose on cautious optimism over peace talks between Russia and Ukraine. The dollar index, which measures the greenback against a basket of six peer currencies, was down 0.56% at 97.85, having earlier touched […]
If the price gets established below $1.1000, it is likely to reach $1.0955. My EUR/USD signal last Monday was not triggered, as there was no bearish reaction when either of the two resistance levels were reached that day. Today’s EUR/USD Signals Risk 0.75%. Trades must be taken between 8am and […]