This article offers a detailed analysis of EUR/USD and EUR/GBP, considering both fundamental and technical viewpoints ahead of the ECB decision. It also examines important price levels that may come into play next week.
We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.Weakening Pound Outlook | Will the Pound Fall to 118 Against the US Dollar? Get your full analysis from @nickcawley1 here: https:...decision will take center stage next week, particularly as the Federal Reserve enters its blackout period on Saturday in preparation for its November 1 announcement.
Polish the skills that form the bedrock of consistent trading performance. Obtain a copy of the “How to Trade EUR/USD” guide, teeming with priceless insights and tips to improve your strategies. If you are discouraged by trading losses, why not take a proactively positive step towards improvement? Download our guide, "Traits of Successful Traders," and access invaluable insights to assist you in avoiding common trading errors.
In the event of a setback, support stretches from 0.8710 to 0.8695. While it's plausible for the exchange rate to find a foothold within this range during a pullback, a breakdown could reignite bearish momentum, paving the way for a drop towards 0.8675. Below this technical threshold, attention will be drawn to trendline support positioned around 0.8635.
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.
Euro Price Update: Fed Speakers to Guide EUR/USD, EUR/GBP RisesThe euro is showing signs of resilience as it attempts to arrest the decline in EUR/USD but expect Fed speakers to guide short-term moves. EUR/GBP rises
Read more »
EUR/USD Weekly Forecast: ECB decision, United States inflation come up nextThe EUR/USD pair recovered some ground this week, ending at around 1.0590. The US Dollar slid despite a risk-averse environment as geopolitical woes i
Read more »
EUR/USD Forecast: Euro could struggle to extend recoveryEUR/USD climbed to a weekly high above 1.0600 on Thursday but lost its bullish momentum early Friday. Although the US Dollar (USD) finds it difficult
Read more »
EUR/USD Forecast: Euro limited while under 1.0630The EUR/USD rose on Thursday and was heading towards its highest daily close in over a week, despite risk aversion in the market, boosted by a weaker
Read more »
EUR/USD: More swings within the 1.05/1.06 range may remain the normEUR/USD has continued to enjoy pockets of support on the back of negative USD swings. Economists at ING analyze the pair’s outlook. Idiosyncratic supp
Read more »
EUR/GBP surges to five-month high near 0.8740EUR/GBP moves on the upward trajectory after the downbeat after the Office for National Statistics (ONS) reported a weak United Kingdom (UK) Retail Sa
Read more »