Tag: eur/usd

EUR/USD drops after highest inflation reading ever

EUR/USD drops after highest inflation reading ever

Today, the euro has been under pressure in a downtrend channel, as the market awaits the release of the ISM manufacturing PMI for June.
EUR/USD slips after EU data; awaits US jobs market

EUR/USD slips after EU data; awaits US jobs market

This week's macroeconomic highlight is due soon, with volatility expected to be elevated shortly after the data.
EUR/USD attacks significant resistance

EUR/USD attacks significant resistance

Today, the euro advanced to the upper trend line of the descending channel, a key resistance area.
EUR/USD drops to 1.05 amid sustained USD buying

EUR/USD drops to 1.05 amid sustained USD buying

The massive divergence between EU and US monetary policies continues to drive the EUR/USD pair lower each week.
EUR/USD pushes toward 1.12 as sentiment improves

EUR/USD pushes toward 1.12 as sentiment improves

This week, the euro has been supported by a de-escalation of the USD, as news that Russia would scale back military operations in eastern Ukraine helped to underpin the USD.
EUR/USD fails to move after ECB, US inflation

EUR/USD fails to move after ECB, US inflation

Markets were disappointed from no groundbreaking news in the diplomatic talks between Russia and Ukraine, while major macro news also weighed in on sentiment.
EUR/USD falls to post-COVID lows

EUR/USD falls to post-COVID lows

So far, no major positive news came out of Ukraine/Russia, leading to another sell-off in risky assets.
EUR/USD at two-month highs after US inflation data

EUR/USD at two-month highs after US inflation data

The USD declined broadly as traders took their profits from the recent rally. It looks like the medium-term uptrend might be soon over for the USD.
EUR/USD slides below 1.13 amid rising US yields

EUR/USD slides below 1.13 amid rising US yields

It looks like the USD might outperform the euro during the first trading days of the new year.
EUR/USD statistical and technical analysis

EUR/USD statistical and technical analysis

This week, the testimony of Jerome Powell caused higher volatility in major currency pairs, mainly due to the risk of Omicron and higher inflation. The current price of the EUR/USD exchange rate is 1.1330 (December 02, 2021). The currency pair is again in a critical support zone. Let us, therefore, look at statistical and technical analyzes.