EUR/USD struggles as risk aversion rises following the failure of US–Iran talks
The Euro has been very bullish this past week with the ceasefire being announced, and of course, rates calming down just a bit in the United States.
EUR/USD extends gains as ceasefire optimism weighs on USD despite firm CPI
The Euro broke above the resistance level of the triangle formation which could lead to a further advance toward resistances 1.1800 and 1.1920-60. Intraday level support starts from 1.1600 while as long as the market holds above it, the advance could continue.
EUR/USD: Upside risk within 1.1680–1.1780 band – Scotiabank
The Euro slowed on Friday, signaling that strong rally of past four days might be showing initial signs of fatigue on approach to next very significant barrier at 1.1722 (base of falling and thickening daily Ichimoku cloud).
It was a good sign to see the EUR/USD post a small gain yesterday despite the rebound in oil prices. This morning saw the currency pair hold around that 1.1700 handle ahead of the release of US PPI data later, and more importantly, US-Iran peace talks in Islamabad.
It was a good sign to see the EUR/USD post a small gain yesterday despite the rebound in oil prices. This morning saw the currency pair hold around that 1.1700 handle ahead of the release of US PPI data later, and more importantly, US-Iran peace talks in Islamabad.
EUR/USD is approaching the key 1.17 area on improving risk sentiment, though higher US yields and Middle East headlines may keep the pair volatile and rangebound.
The US Dollar Index (DXY) battles to hold the $98.90 trendline as safe-haven demand evaporates. Discover why GBP/USD is eyeing a move toward the $1.3500 handle today.
EUR/USD retreats to 1.1685 as doubts about Iran's peace process grow
EUR/USD Price Forecast: Bears seem hesitant as breakout above 1.1670 remains in play