Euro: Downside pressure targets 1.1490 against US Dollar – UOB
Euro: 1.150 target in focus against US Dollar – ING
Euro: Support seen near 1.15 against US Dollar – Scotiabank
EURUSD fell around 0.5% in early Monday trading, deflated by stronger dollar on growing expectations for Fed rate hike, as well as safe haven buying on the latest warning that pace of AI development must slow to prevent threats to humanity that resulted in strong drop in AI-linked stocks.
The EUR/USD has taken a drop today with the pair coming under pressure from rising energy prices and a rebounding US dollar ahead of the FOMC rate decision, where a hike is all but priced in now. We have a few other central bank meetings and some important data to look forward to as well.
EUR/USD sits near 1.1610, just off a one-month low, as tomorrow's Fed decision looms as the week's true catalyst. The ECB delivered its second hike of the year on September 10, lifting the deposit rate to 2.50% and warning that Middle East-driven inflation pressures will keep price growth well above target for an extended period.
Euro managed to hit drop correction toward target and support 1.1570 while market still holding above this support since last week As we see over the chart and as long as market holding above this support a rebound toward 1.1710 is likely Below 1.1570 a farther drops toward 1.1460-80 is likely SUPPORT RESISTANCE LEVEL1 […]
EUR/USD breaks bearish – Is 1.15 next as Gold and Silver turn heavy? [Video]
Euro: Support at 1.1565 watched against US Dollar – UOB
Fed hike expectations support the dollar as DXY breaks above 99.26, while EUR/USD and GBP/USD weaken ahead of key Fed and BoE decisions.
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