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 hesitates at 1.1700 after mixed Eurozone PMI figures
EUR/USD: Sideways bias with Dollar edge – Commerzbank
EUR/USD stays under pressure as dollar demand rises, but weak US services data may help limit further downside.
The EUR/USD exchange rate has pulled back in the past two consecutive days as investors reflect on the next stages of the ongoing US-Iran war. It retreated to 1.1710, down from this month's high of 1.1847.
Euro-dollar may have risen too far too fast, but bigger gains could lie ahead. Image © Adobe Images Euro-dollar may have risen too far too fast, but bigger gains could lie ahead.
EUR/USD holds gains above 1.1700 on US-Iran ceasefire extension
EUR/USD is turning lower after failing to sustain gains near recent highs, with price now approaching a key support zone within the broader uptrend structure. The pullback reflects a loss of near-term momentum following the recent rally, shifting focus to whether this move remains corrective or develops into a deeper reversal.
The EUR/USD forecast has taken a hit in the last few days owing to the lack of any progress in the Strait of Hormuz situation. The popular pair has been hovering near the 1.1750 level for a few days now as markets weigh the impact of elevated oil prices.
EUR/USD: Range-bound outlook with policy risks – Societe Generale
EUR/USD Price Forecast: 61.8% Fibo retracement at 1.1825 remains key barrier
The ECB's Chief Economist, Philip Lane, argues that the Eurozone's financial architecture is currently hindered by a shortage of euro-denominated safe assets. While the German Bund serves as the primary benchmark, its supply is too limited to satisfy global demand or provide the deep liquidity necessary for a truly autonomous monetary system.