The EUR/USD pair extended its slide on Wednesday, trading near fresh multi-week lows in the 1.0770 region in the mid-European session.
EUR/USD Current price: 1.0763 United States Treasury yields extend their advance, backing the US Dollar. The macroeconomic calendar remains scarce ahead of GDP readings next week. EUR/USD is oversold in the near term, but there are no signs of bearish exhaustion. On the one hand, the US Dollar keeps rallying amid a dismal market mood and concerns about the outcome of the upcoming United States Presidential election.
Additionally, a couple of Federal Reserve officials will be on the wires, while European Central Bank President Christine Lagarde is due to speak about Europe's financial challenges at the Atlantic Council, in Washington DC. EUR/USD short-term technical outlook The daily chart for the EUR/USD pair shows it trades near its early low, without signs of downward exhaustion, despite the Relative Strength Index indicator standing in oversold readings.
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 Price Forecast: Sellers take control and aim for lower lowsThe EUR/USD pair falls for a third consecutive day, trading below the 1.1100 ahead of Wall Street's opening.
Read more »
EUR/USD Price Forecast: Sellers pressuring the 1.0900 markThe US Dollar started the week with a firm footing, maintaining its positive momentum against most major rivals.
Read more »
EUR/USD Price Forecast: Sellers aiming to lose the 1.0800 markThe EUR/USD pair bottomed at 1.0810 on Monday, recovering just modestly on Tuesday before resuming its slide ahead of Wall Street’s opening.
Read more »
EUR/USD Forecast: Euro sellers to retain control while 1.1000 holds as resistanceEUR/USD continued to push lower on Friday and lost more than 1.5% on a weekly basis.
Read more »
EUR/USD Forecast: Euro needs to clear 1.0900 to discourage sellersEUR/USD extended its weekly downtrend and touched its lowest level in 10 weeks at 1.0811 during the American trading hours on Thursday.
Read more »
EUR/USD Weekly Forecast: Sellers gain confidence alongside the FedThe EUR/USD pair fell towards a fresh two-month low of 1.0900, finishing the second consecutive week in negative though little changed at around 1.0940.
Read more »