EUR/USD trims gains as fresh Trump tariff threats, Iran woes lift USD
EUR/USD edges higher as US-Iran headlines weigh on the 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.
The near-term dollar forecast took a hit yesterday on the back of the Japanese intervention and hawkish-leaning ECB and BoE meetings. But the US dollar need not fall too far from here.
EUR/USD: Range trading view holds after ECB – ING
On the hourly chart of EUR/USD at FXOpen, the pair started a fresh increase from the 1.1650 zone. The Euro cleared the 1.1700 barrier to move into a bullish zone against the US Dollar.
EUR/USD edges down below 1.1720 lows but holds most of Thursday's gains
The Euro is edging higher against the dollar after the ECB decision, with traders eyeing a key range between 1.14 and 1.1850 as risk appetite and energy concerns keep the pair largely range-bound.
EUR/USD Price Forecast: Holds onto gains near 1.1730
EUR/USD gathers strength above 1.1700 as ECB keeps rates steady
Powell was evasive and Lagarde leaned hawkish, and I think neither of those items were surprising to anyone following along. But what probably did surprise more than that was the overnight intervention in the Japanese Yen, which has already been confirmed by Nikkei after strong warnings were given by Japanese officials ahead of the move.
EUR/USD advances as ECB holds rates, mixed US data weigh on Dollar