Euro climbs as fading Fed hike expectations pressure US Dollar
The Euro managed to hit a few pips above the resistance of 1.1560 which could lead to another advance. 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.
EUR/USD price outlook: EUR/USD tests 0.618 Arc
EUR/USD stood at 1.1537 on Friday, with markets continuing to digest incoming economic data. Soft US inflation figures have reduced expectations of a Federal Reserve rate hike in September.
EUR/USD reacts to data: Fed rate hike expectations fall
EUR/USD Price Forecast: Hawkish ECB prospects support Euro
FX daily: EUR/USD starting to look cheap
Euro: Showing some undervaluation against US Dollar – ING
Softer U.S. inflation strengthens Fed easing expectations as DXY holds key support while EUR/USD and GBP/USD test important resistance levels.
Euro: Higher intraday band within broader range against US Dollar – UOB
Euro gathers strength above 1.1500 as cooling inflation data weighs on US Dollar
EUR/USD has held at some interesting levels, at least, as the volatility that showed up to weeks ago has taken a back seat to back-and-forth price action. And while it's difficult to say that the largest component of the USD basket is probably being driven by the second largest component, the fact of the matter is that evidence seems to suggest that it is.