Today's session has been particularly relevant for the euro's performance in the short term. After the EUR/USD registered a decline of nearly 0.3% during the session, the European currency has managed to recover a large part of its losses.
Euro: Upside bias within defined band against US Dollar – UOB
EUR/USD is holding close to a two-week high around 1.1640 ahead of today's European Central Bank (ECB) monetary policy decision, with markets widely expecting a 25-basis-point rate hike as policymakers respond to renewed inflation pressures from surging energy prices.
EUR/USD holds near a two-week high around 1.1640 ahead of the ECB monetary policy decision, with markets expecting a 25-basis-point rate hike to 2.50%. Attention is on Christine Lagarde's guidance as surging energy prices revive inflation risks and raise the possibility of further tightening.
EUR/USD Price Forecast: Consolidates around 1.1640 in countdown to ECB's policy decision
Euro: Difficult path for gains against US Dollar – Commerzbank
DXY struggles despite higher Treasury yields as traders await U.S. PPI and the ECB decision, while EUR/USD and GBP/USD hold bullish support.
Euro: Firms against US Dollar as ECB hike in focus – Danske Bank
EUR/USD Price Forecast: Sticks to gains above 1.1600 as bulls await ECB, US PPI
EUR/USD Price Forecast: Buyers seek a decisive break above the 200-day SMA
Euro: Hawkish ECB hike expected to support EUR against US Dollar – Scotiabank
Euro dollar technical analysis across four time frames, where the recovery is holding and the level that would break the trend. Michael Boutros, StoneX Media Senior Market Analyst, walks through the euro dollar chart structure from the monthly down to the four hour time frame.