EUR/USD falls slightly from the crucial resistance of 1.0900 in Thursday’s European session.
EUR/USD clings to gains near 1.0900 due to strong appeal for risk-sensitive assets. Traders expect the ECB reducing interest rates three times this year. Investors shift focus to the US weekly jobless claims data. The major currency pair retraces as the US Dollar stabilizes after a sharp fall to fresh monthly lows. The US Dollar Index , which tracks the US Dollar’s value against six major currencies, rebounds to 104.30 after falling to 104.00 earlier on the day.
0900 in Thursday’s European session but keeps broadly strong after a Symmetrical Triangle breakout on a daily timeframe. A breakout of a volatility contraction pattern results in high buying volume and wider movements. The appeal of the shared currency pair has strengthened as it seems well-established above all short-to-long-term Exponential Moving Averages . The 14-period Relative Strength Index has shifted into the bullish range of 60.00-80.00, suggesting a strong upside move ahead.
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 falls to near 1.0600 amid speculation for extension in Fed-ECB policy divergenceThe EUR/USD pair trades close to more than a five-month low near the round-level support of 1.0600 in the European session on Tuesday.
Read more »
EUR/USD falls back amid uncertainty ahead of Eurozone data, Fed policyThe EUR/USD pair struggles to sustain above the round-level resistance of 1.0700 in Monday’s European session.
Read more »
EUR/USD falls slightly as US Dollar recovers Fed-induced lossesEUR/USD is slightly down to 1.0740 in Wednesday’s European session.
Read more »
US Dollar Tanks Ahead of Fed Verdict, NFP Data - EUR/USD, GBP/USD, USD/CADThis article explores the fundamental and the technical outlook for the U.S. dollar, zeroing in on three popular and very liquid pairs: EUR/USD, GBP/USD and USD/CAD.
Read more »
EUR/USD extends its downside below 1.0650 on hawkish Fed remarksThe EUR/USD pair extends its downside around 1.0640 after retreating from weekly peaks of 1.0690 on Friday during the early Asian session.
Read more »
EUR/USD Forecast: Reaching five-month lows as Fed-ECB policy divergence weighsEUR/USD managed to counter a poor start of the week and reverse course despite the European currency slipping back to the 1.0600 key support against the US Dollar (USD), or five-month lows.
Read more »