Euro: Range trade around key supports against US Dollar – UOB
Euro gains as US Dollar moves sideways amid market caution
The euro continues to face difficult trading sessions in the short term. The European currency has been unable to stabilize a consistent recovery, and for now, a phase of indecision appears to be dominating its recent strength.
Euro: Upside bias against US Dollar as ECB repriced – Scotiabank
Euro: Upside bias held above strong support against US Dollar – UOB
Two central banks, two hawkish tones — but only one dollar just took a hit. The ECB delivered a 25bp hike in June, its first since 2023, lifting the deposit rate to 2.25% as Middle East-driven energy costs pushed headline inflation to 3.2% in May before easing to 2.8% in June, with growth downgraded to 0.8% amid weaker confidence.
The EUR/USD forecast remains tilted slightly to the downside as the dollar continues to attract buyers in what has been a relatively quiet start to the week. With little in the way of fresh economic catalysts, investors are focusing on central bank expectations, oil prices, some volatility in the technology sector and broader risk sentiment.
EUR/USD Price Forecast: Turns broadly sideways below 20-day EMA
The Euro advanced after the US payroll last Friday. Intraday shows the same levels with support at 1.1380 could keep the chance for a move to test the 1.1500-25 resistance zone.
Euro: Range-bound against US Dollar under Fed support – ING
EUR/USD is trading around 1.1432 on Monday. At the end of last week, the main currency pair posted modest gains.
Euro: Choppy range outlook against US Dollar – Rabobank