Bullish momentum may increase in EURUSD market EURUSD Price Analysis – 06 March In case Bulls are able to break above the $1.07 resistance level, the price may rise to the $1.09, and $1.10 resistance levels. If sellers exert more pressure, EURUSD may move past the $1.06 support level and hit the $1.04 and $1.03 […]
The euro took a bit of a tumble on Thursday as inflation in the eurozone dropped to 8.5% in February, down from 8.6% in January. This drop came as a bit of a surprise to investors, who had been expecting inflation to remain high based on recent national readings. It just goes to show that […]
The EUR/USD exchange rate has been volatile in recent weeks, with the pair fluctuating between 1.06 and 1.21. The latest data on Eurozone inflation indicate that annual inflation has dropped to 8.6% in the euro area and down to 10.0% in the EU. The decline is due to a fall in energy prices, which has […]
The EUR/USD pair recently witnessed a fall as the euro weakened against the US dollar, causing a stir in the markets. The euro’s fall has come amid concerns about the possible overtightening of ECB policy as well as the divergence in economic performance between the Eurozone and the US. The US has been recovering from […]
The EUR/USD has failed to show any significant moves this morning despite the European Commission raising its 2023 growth forecast for the EU. Market sentiment remains risk-averse ahead of tomorrow’s release of EU GDP and US inflation data. The EU economy has started the year in a better position than expected in the fall. This […]
The euro continued its upward trajectory on Thursday, peaking at around 1.0790, driven by risk-on sentiment and a slight pullback in recent days. Over the past few months, the EUR/USD exchange rate has risen more than 13%, rebounding from its bear market lows of below 0.9600 in September 2022. The euro’s rapid recovery has been […]
Bearish momentum increases in EURUSD market EURUSD Price Analysis – 06 February EURUSD may drop to the $1.06, and $1.05 support levels if the Bulls are unable to break past the $1.09 resistance level. Price can jump through the $1.09 resistance level and reach the $1.10 and $1.11 levels if buyers apply more pressure. EUR/USD […]
Following the US Federal Reserve’s (Fed) announcement of its monetary policy decision last Wednesday, the EUR/USD pair increased to its highest level since late April last Thursday, touching 1.1034. Prior to the European Central Bank’s (ECB) decision early on Thursday, financial markets had no time to recuperate, which ultimately caused the euro to decline. EUR/USD […]
EUR/USD was impacted by the European Central Bank’s (ECB) decision to raise interest rates by 50 basis points on Thursday. This move was in line with market expectations, and the ECB confirmed that it plans to raise rates further to bring inflation back to its 2% medium-term target. The central bank has been hawkish in […]
