The EUR/USD forecasts currently favour the greenback heading into the key interest rate decisions by the ECB and Fed.
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.
Intraday forex analysis covering EURUSD , GBPJPY analysis , and USOIL with a focus on key market movements, support and resistance levels, and short-term price action trends across major currency pairs. EURUSD breaking resistance The euro continues to maintain its grip on the dollar, after adding over 100 pips in recent sessions.
Oil prices are rising, with Brent moving above $110 per barrel and WTI approaching $100, as geopolitical tensions in the Middle East continue to drive supply concerns.
EUR/USD: Consolidation band defined – UOB
EUR/USD Price Forecast: Holds above 1.1700 as USD bulls seem hesitant ahead of FOMC meeting
EUR/USD gapped lower after the weekend but has since recovered the weekend losses and is trading marginally higher on the day. This sort of price action could continue in the early part of the week with volatility likely to peak on Wednesday and Thursday when we have the FOMC and ECB meetings.
EUR/USD edges higher above 1.1700 as Fed and ECB decisions loom amid US-Iran standoff
EUR/USD struggles for traction as markets remain cautious on US-Iran talks
Technical analysis of EUR/USD: The pair has shifted to a cautiously bullish bias, supported by holding above the 1.1700 pivot zone. We detail chart setups, tactical bullish and bearish scenarios, and key levels to watch ahead of high-volatility events, specifically the FOMC and ECB meetings this week.
The week has started with risk assets remaining largely on the front foot, after the big tech-driven rally on Wall Street ahead of key earnings reports this week. Weekend chatter points to a fresh proposal from Iran to extend the ceasefire, which at least keeps the door ajar for a negotiated resolution to the Middle East tensions.
EUR/USD: EU policy risks and weaker German sentiment – BNY