EUR/USD: Range trade persists with hawkish ECB – Scotiabank
The Euro managed to break above the resistance level of the triangle formation to meet the first target at 1.8000. Resistance at 1.1800-35 caused a drop while supports at 1.1600 could create a trading zone.
EUR/USD: Gas risks threaten fair value – ING
FX markets are entering a critical phase as Hormuz disruptions, central bank divergence, and BOJ intervention risks begin to reshape the US dollar outlook.
EUR/USD edges lower below 1.1700 as Iran-UAE conflict boosts US Dollar
The Euro managed to break above the resistance level of the triangle formation to meet the first target at 1.8000. Resistance at 1.1800-35 caused a drop while supports at 1.1600 could create a trading zone.
Looking at the 4-hour chart, the pair cleared a key bearish trend line with resistance at 1.1710. The bulls pushed the pair above the 50% Fib retracement level of the downward move from the 1.1849 swing high to the 1.1655 low.
EUR/USD falls to near 1.1700 as US to raise tariffs on EU vehicles
EUR/USD trades within a narrow range as Fed and ECB policy signals diverge, with price action holding near key resistance levels.
EUR/USD is showing signs of fatigue after a strong recovery, with price stalling just below a major resistance zone that has acted as a key inflection point in recent months. The inability to break higher highlights a loss of near-term momentum, shifting focus to whether this consolidation resolves lower or if buyers can regain control.
The Pound to Euro (GBP/EUR) exchange rate has continued to demonstrate resilience and is trading at 6-week highs near 1.16 with markets pricing in three UK rate hikes this year.. Rabobank expects near-term political Pound vulnerability with economic considerations dragging the currency down over the medium term.
EUR/USD trims gains as fresh Trump tariff threats, Iran woes lift USD