EURUSD managed to meet the target of 1.1390 and broke below it yesterday. The same old drop scenario still applies with resistance starting from 1.1415-25.
Euro: Stabilising above 1.1300 against US Dollar with risk driver – ING
Euro: Downtrend stretched near 1.1325 against US Dollar – UOB
EUR/USD Price Forecast: Rebounds above 1.1350, but outlook stays bearish below key resistance
EUR/USD, inflation expectations and Federal Reserve policy are back in focus as the euro breaks to fresh yearly lows. Michael Boutros, FOREX.com Senior Market Analyst, examines the key technical breakdown levels, downside targets, and how upcoming PCE inflation data and Non-Farm Payrolls could reshape Federal Reserve rate expectations and the next major move for EUR/USD.
Euro: Bearish bias with scope toward 1.12 against US Dollar – Scotiabank
Euro: Testing 1.1300 risk grows against US Dollar – ING
The US dollar capitalised on the euro's weakness and continued its advance, reaching its highest level in over a year and pushing EURUSD to near 1.1350. European business activity remains in contraction territory, below 50 on the PMI index, for the third month, whilst Christine Lagarde has made it clear that the futures market's expectations of further ECB rate rises are overblown.
EURUSD managed to meet target 1.1390 and broke below it yesterday The same old drop scenario still applied while resistance start from 1.1415-25 More drop still expected where supports at 1.1210 and 1.1065 Above 1.1425 more rebound may lead toward 1.1515 SUPPORT RESISTANCE LEVEL1 1.1310 1.1415-25 LEVEL2 1.1210 1.1515 LEVEL3 1.1065 1.1620
Euro: Yield gap drives downside risk against US Dollar – MUFG
Euro extends downfall against US Dollar amid firm Fed hike bets
Euro: Dollar strength pushes EUR/USD below 1.1400 – Danske Bank