EUR/USD fell to 1.1549 on Monday, with the US dollar extending gains from the previous session amid heightened demand for safe-haven assets as the Middle East conflict escalates.
The 1.16 level continues to see a bit of a ceiling being formed in the pair, as we are seeing the dollar strengthen overall.
EUR/USD Price Forecast: 20-day EMA acts as key barrier, sees more downside below 1.3400
EUR/USD: Volatility signals questioned after energy shock – Commerzbank
EUR/USD falls to near 1.1540 as US Dollar remains firm amid Middle East conflicts
Considering the precarious position Europe finds itself in relative to the United States, it's notable EUR/USD continues to find support on dips in this environment, suggesting there's a degree of preemption going on when it comes to the duration of the energy supply shock and the impact it may have on the world's two largest economies.
The Euro found support near 1.1410 and started a recovery wave against the US Dollar. EUR/USD climbed above 1.1500 before it faced resistance.
EUR/USD Price Forecast: Remains above nine-day EMA, 1.1550
EUR/USD declines to near 1.550 amid Middle East crisis
The Euro to Dollar (EUR/USD) pair slipped to around 1.1530 on Monday morning as markets stay cautious after President's 48-hour deadline for Iran. A modest 0.27% overnight drop reflects lingering risk aversion and a strong dollar backdrop.
The Euro to Dollar (EUR/USD) exchange rate ended the week near 1.16 as the Federal Reserve's hold and its emphasis on Middle East-linked uncertainty kept the dollar supported into the weekly close. The pair also took its cue from the energy backdrop, with European officials warning about the economic impact of disrupted shipments and.
EUR/USD Price Forecast: Struggles below 1.1600 as sellers maintain control