EUR/USD Price Forecast: Remains sticky to 20-day EMA
The Euro hit a correction towards the target and support of 1.1570, as the market still holds above this support since last week. As we see from the chart and as long as the market holds above this support, a rebound towards 1.1710 is likely.
U.S. inflation and the ECB decision take focus as DXY remains weak, EUR/USD approaches a breakout and GBP/USD stays range-bound.
A key week for EUR/USD: ECB decision and us inflation in focus
Euro: Range-bound risks against US Dollar with ECB focus – OCBC
EUR/USD trades near 1.1627 on Tuesday after a US jobs report that came in almost three times above forecast. The data supported the dollar and strengthened expectations of tighter Federal Reserve policy.
EUR/USD forecast: The ECB meeting becomes the main driver for the Euro this week
Morning briefing: EUR/USD likely to head towards 1.1700
Euro benefits from weaker US Dollar as ECB decision looms
The higher oil goes, the worse it may get for the euro, which, to be fair, has performed well during the more recent rises in.
Technical outlook: Gold, EUR/USD, Oil [Video]
The Euro hit a correction towards the target and support of 1.1570, as the market still holds above this support since last week. As we see from the chart and as long as the market holds above this support, a rebound towards 1.1710 is likely.