The dollar approaches a key breakout level as traders await Warsh, while EUR/USD tests Fibonacci support and GBP/USD loses channel support.
EUR/USD Price Forecast: Buyers remain in charge above the 200-day SMA
EUR/USD stalled beneath the year's heaviest resistance cluster after a four-week rally, slipping back under its 52-week moving average. Michael Boutros, Senior Market Analyst at StoneX, walks through the euro against the U.S. dollar across the weekly, daily, and four-hour charts, and explains where the pullback structure holds or fails.
The Euro held below the resistance of 1.1710 and dropped further to close from target and support at 1.1570. This support zone of 1.1570 could keep the advance scenario ongoing over the market.
Euro retreats below 1.1650 as inflation data buoys US Dollar ahead of Jackson Hole
EUR/USD Price Forecast: Correcting lower with the near-term bullish trend intact
Euro: Lower against US Dollar after PCE surprise – Danske Bank
Sticky U.S. PCE revives Fed hike risk as DXY rebounds, while traders await Warsh's Jackson Hole signals and EUR/USD and GBP/USD test support.
Morning briefing: EUR/USD remains capped below 1.1700
Today's session has not been particularly favorable for the euro. Recent EUR/USD price action shows a decline of approximatel.
Euro: Rally stalls against US Dollar as spreads drive trade – Scotiabank
Euro comes under pressure against US Dollar after mixed US PCE data