EUR/USD ticks higher but is broadly sideways around 1.0300 in Tuesday’s European trading session as investors await the Federal Reserve (Fed) Chair Jerome Powell’s testimony before Congress at 15:00 GMT.
EUR/USD is broadly sideways around 1.0300, with investors focusing on Fed Chair Jerome Powell’s testimony before Congress. US President Trump imposed 25% tariffs on imports of steel and aluminum from all nations. The Eurozone is expected to be the major casualty of Trump’s reciprocal tariffs. EUR/USD ticks higher but is broadly sideways around 1.0300 in Tuesday’s European trading session as investors await the Fed eral Reserve Chair Jerome Powell’s testimony before Congress at 15:00 GMT.
0300 in Tuesday’s European session. The outlook of the major currency pair remains bearish as the 50-day Exponential Moving Average around 1.0430 continues to be a major barricade for the Euro bulls. The 14-day Relative Strength Index oscillates in the 40.00-60.00 range, indicating a sideways trend. Looking down, the January 13 low of 1.0177 and the round-level support of 1.0100 will act as major support zones for the pair. Conversely, the psychological resistance of 1.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD at Risk as Risk Aversion Mounts Ahead of Fed DecisionThe EUR/USD currency pair may experience downward pressure due to increased risk aversion in the financial markets. This comes ahead of the highly anticipated Federal Reserve (Fed) policy decision on Wednesday. While traders anticipate a 25 basis point rate cut from the European Central Bank (ECB) on Thursday, the Fed's decision to maintain its policy rate within the 4.25%-4.50% target range is expected to weigh on the Euro.
Read more »
EUR/USD Forecast: Euro stays below key technical level ahead of FedEUR/USD lost more than 0.5% on Monday as the US Dollar (USD) benefited from the souring risk mood.
Read more »
EUR/USD Eyes Decline Towards 1.0300 Ahead of Fed DecisionThe EUR/USD pair hovers around 1.0400 as markets await the Federal Reserve's monetary policy announcement. The Fed is expected to keep interest rates unchanged, with focus on Chairman Powell's press conference for clues on future rate movements. Financial markets show optimism after an AI-inspired sell-off, with stock markets recovering. The EUR/USD pair faces downward pressure due to a bearish technical outlook.
Read more »
EUR/USD Dips Ahead of Eurozone Retail Sales as Traders Await ECB and Fed SignalsThe EUR/USD currency pair traded lower on Thursday as traders adopted a cautious stance ahead of Eurozone Retail Sales data. ECB officials expressed confidence in inflation returning to target, while Fed Vice Chair Jefferson signaled contentment with the current Fed Funds rate.
Read more »
EUR/USD Declines as Strong US Jobs Data Support Fed's Rate HoldThe EUR/USD currency pair has weakened as robust US labor market data fuels expectations that the Federal Reserve will maintain its current interest rates. Traders anticipate four interest rate cuts from the European Central Bank (ECB) throughout the year, adding downward pressure on the Euro.
Read more »
EUR/USD refreshes two-year low as Fed seems to cut only once this yearEUR/USD slides to a fresh over two-year low to near 1.0200 at the start of the week.
Read more »