EUR/USD hovers above 1.1520 with Trump's deadline on Iran approaching
The Euro still holds our trading zone while as we see from the chart, a creation of a triangle formation is beginning. This could be a bear Flag formation which might push for more drop towards the 1.1200 zone.
EUR/USD Price Forecast: Consolidates around 1.1530 in countdown to Trump's deadline
EUR/USD steadies below 1.1550 with Iran tensions in focus
As the Pres. starts the press conference: 2 year yield 3.852% 10 year yield 4.332% S&P up 14.25 points or 0.21% Nasdaq up 47 points or 0.23% Dow +61 points Crude oil $112.76 Gold $4658 Silver $72.55 Bitcoin $69,647 EURUSD 1.1538 USDJPY 159.76 GBPUSD 1.3222 Headlines from the Press conference: The entire country can be taken out in one night and the one night may be tomorrow night We leave no American behind.
The week has started with notable neutrality in EUR/USD price action in the short term, as the pair has not been able to establish a consistent direction, with average movements over the last two sessions hovering around just 0.24%. For now, market indecision remains present, largely because ongoing updates around the Middle East conflict have failed to provide a clear outlook, leading to a decline in consistent demand for both the dollar and the euro.
EUR/USD gains as ceasefire hopes undermine US Dollar
The Euro still holds our trading zone while as we see from the chart, a creation of a triangle formation is beginning. This could be a bear Flag formation which might push for more drop towards the 1.1200 zone.
When is the US ISM Services PMI data for March and how could it affect EUR/USD?
EUR/USD fails to breach 1.1570 despite US Dollar's weakness
EUR/USD Price Forecast: Symmetrical Triangle formation near bottom triggers reversal hopes
Last week saw the Pound to Euro (GBP/EUR) exchange rate stall below 1.1500 on Wednesday and retreat to near 1.1460 on Thursday. The Pound was hurt by a fresh slide in risk appetite as energy prices surged again together with dovish comments from Bank of England (BoE) Governor Bailey.