Read Time: < 1 minuteEuro has a lot further to fall. There’s three catalysts that’ll take it below parity: (i) weak growth as damage from Putin’s energy shock becomes clear; (ii) falling inflation – there is no demand-driven inflation; (iii) fiscal dominance of the ECB. Fair value of EUR/$ is 0.90…

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Read Time: 2 minutesEuro rose in European trade on Friday against a basket of major rivals following heavy losses yesterday and away from recent six-month lows against US dollar. The euro is on track for a fresh weekly loss, the longest such streak of weekly losses in history after surprise decisions by the European Central…

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Read Time: < 1 minuteThe EURUSD pair declined strongly to succeed achieving our waited target at 1.0635, falling under more negative pressure to open the way to surpass this level and achieve additional negative targets that reach 1.0500, taking into consideration that the consolidation of 1.0635 against the current negative pressure will lead the price…

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Read Time: 2 minutesEUR/USD Struggles to Gain Momentum as USD Maintains Strength The EUR/USD is set to end the week on a low note, hovering near the week’s low of 1.0650 as the USD gains strength, sending the broad dollar index upward. Although the ECB raised their benchmark interest rate by 25 basis points to…

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Read Time: 2 minutesEUR/USD TECHNICAL ANALYSIS EUR/USD has consolidated this week after making a 3-month low last Thursday. The close on that day was below the lower band of the 21-day Simple Moving Average (SMA) based Bollinger Band. The day after, it closed back inside the band. This might technically signal a pause in the…

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Read Time: 2 minutesEUR/USD rebounded on Friday from multi-month lows but is still headed towards a weekly loss. The Euro is on the verge of posting its ninth consecutive week of losses against the US Dollar, marking the longest negative streak since the currency was created. Technical Overview From a technical perspective, the recent breakdown…

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Read Time: 2 minutesTherefore, the bulls will target extended rebound profits at around 1.0753 or higher at the 1.0777 resistance. On the other hand, the bearish speculators will look to pounce on pullbacks around 1.0710 or lower at the 1.0680 support. In the long term and according to the performance on the daily chart, it seems…

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Read Time: 2 minutesYesterday’s Euro Trading Seesaw: ECB Announcement to Decide Future The struggling Euro made a comeback yesterday, recording a positive daily close against both the dollar and the pound. This was due to a report indicating the European Central Bank’s announcement of a higher-than-expected inflation report on Thursday, which could justify another rate…

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Read Time: 2 minutesEUR/USD Currency Pair and Interest Rates: What to Expect Technical Analysis of the EUR/USD Currency Pair: The US dollar may be impacted by the US CPI report, with a strong reading expected to bolster expectations of Fed tightening.

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Read Time: 2 minutesThe EUR/USD pair remains on the defensive above the mid-1.0700s during the Asian session on Monday. The major currently trades near 1.0782, gaining 0.05% for the day. On Saturday, Belgian Central Bank Governor and European Central Bank (ECB) Governing Council member Pierre Wunsch said that the central bank could do a little…

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Read Time: 2 minutesEUR/USD holds lower grounds near 1.0900, poking the intraday bottom amid early Wednesday in Asia. In doing so, the Euro pair struggles for clear directions amid the cautious mood ahead of the Federal Open Market Committee’s (FOMC) Monetary Policy Meeting Minutes. Also likely to challenge the Euro bears is the Doji candlestick…

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Read Time: 2 minutesThe US Dollar might be readying to extend losses against the Euro. On the daily chart below, EUR/USD has closed under the 100-day Moving Average (MA). While confirmation is lacking at this time, further downside progress could offer an increasingly bearish technical bias. EUR/USD also closed at its lowest since early July. From here, immediate…

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Read Time: 2 minutesEUR/USD remains pressured at the lowest level in a week, declining to 1.0925 amid the early hours of Monday’s European session. In doing so, the Euro pair justifies the market’s rush toward the US Dollar despite the recently positive headlines from Italy. Italian Prime Minister Giorgia Meloni ruled out further hardships for the banks…

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Read Time: 3 minutesThe euro navigated a tricky week, ultimately on track to end lower the week down. A surprise windfall tax, to be levied on Italian banks, was announced on Tuesday, sending the pair sharply lower. Prices recovered the following day upon reassurance from the Italian president that the tax would amount to no more than 0.1% of…

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Read Time: 3 minutes➔ Euro on Offer as German Industrial Production Contractsby Warren Venketas, dailyfx.comAugust 7, 2023 07:53 AMEUR/USD ANALYSISUSD rebounds.German industrial production withers by 1.5%.Fed speakers under the spotlight later today. EURO FUNDAMENTAL BACKDROPAfter Friday’s rally post-NFP, the euro lost some of its gains as the US dollar regained some support and European growth…

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