Morning briefing: EUR/USD holds between 1.1550-1.1600
Euro consolidates below two-month high as US Dollar steadies
Euro: Range-bound before FOMC against US Dollar – ING
The Euro managed to resume the advance to close towards the first target at 1.1620. As we see from the chart, prices face support around 1.1470-80 while as long as the market holds above it, the advance may could continue towards 1.1685 and above.
Euro: Overvaluation and energy risks weigh against US Dollar – MUFG
DXY remains under pressure as Fed pause expectations rise, while EUR/USD and GBP/USD stay supported by comparatively hawkish ECB and BoE outlooks.
Euro: Upside bias needs confirmation above 1.1615 against US Dollar – UOB
EUR/USD Price Forecast: Struggles at 1.1600, dives below 100-day SMA
The euro-dollar has held its post-Fed gains, but Bank of America sees limited scope for a stronger near-term rally. The Euro to Dollar exchange rate (EUR/US) tradd around 1.1579 on Monday, close to its August high of 1.1585 and around 0.2% higher for the month.
Euro returns below 1.1600 as US Dollar selling pressure eases
EUR/USD Price Forecast: Conquers 1.1600 as bulls retain control above 100-SMA, 50% Fibo.
EUR/USD begins the week around 1.1588, reaching its highest level in eight weeks. The euro has been supported by dollar weakness following fresh US economic data, which revived doubts about the stability of the US economy and reduced expectations of imminent Federal Reserve tightening.