EUR/USD trades in a narrow range around 1.0400 in Friday’s European session amid thin trading as market participants stay on the sidelines due to the Christmas holiday.
EUR/USD oscillates around 1.0400 amid thin trading volume, while its broader outlook remains weak amid a firm US Dollar. The Greenback remains firm as the Fed is expected to deliver fewer interest rate cuts in 2025. Investors expect the ECB to reduce its Deposit Facility rate by a further 100 bps next year. US Initial Jobless Claims for the week ending Dec 20 surprisingly fell to 219K.
The outlook of the major currency pair remains bearish as the 20-day and 50-day Exponential Moving Averages at 1.0464 and 1.0588, respectively, are declining. The 14-day Relative Strength Index oscillates near 40.00. A downside momentum would trigger if it sustains below that level. Looking down, the asset could decline to near the round-level support of 1.0200 after breaking below the two-year low of 1.0330. Conversely, the 20-day EMA near 1.0500 will be the key barrier for the Euro bulls.
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 Holds Steady Near 1.0400 on Christmas EveThe EUR/USD pair traded in a tight range near 1.0400 on Tuesday, December 26th, as trading volumes thinned out ahead of the Christmas holiday.
Read more »
EUR/USD Holds Steady Near 1.0400 as Markets Remain Closed for ChristmasWith most financial markets closed for the Christmas holiday, EUR/USD trades near 1.0400, showing limited movement. While the 10-year Treasury bond yield reaches its highest point since May, the holiday lull keeps markets quiet. The technical outlook, however, suggests a continued downward bias for EUR/USD.
Read more »
Christmas Forecast: Chilly Start, Sunny Christmas Eve, Rain on Christmas DayThis week's weather forecast begins with chilly temperatures, but warms up to a beautiful Christmas Eve with sunny skies. Rain chances arrive on Christmas Day.
Read more »
Royal Christmas Gift Tradition: Open on Christmas Eve or Christmas Day?A look at the British Royal Family's Christmas gift-opening traditions, exploring the history behind opening gifts on Christmas Eve and the possibility of change in the future.
Read more »
Walgreens Christmas Hours 2024: Is Walgreens Open on Christmas Eve and Christmas Day?Find out if Walgreens is open on Christmas Eve and Christmas Day, and what their holiday hours are. Learn about adjusted operating hours for Christmas Day and if any locations will be closed.
Read more »
EUR/USD: To likely trade between 1.0430 and 1.0580Further range trading in Euro (EUR) appears likely, with an expected range of 1.0480/1.0550.
Read more »