EUR/USD trades slightly higher around 1.1470 ahead of ECB's policy outcome
EUR/USD Price Forecast: Eyes 1.1500 barrier near nine-day EMA
EUR/USD weakens to near 1.1450 amid Fed rate hold, ECB rate decision looms
The week has not been favorable for euro price action in the short term. This is mainly due to the fact that, shortly after the Federal Reserve's decision, EURUSD began to show renewed weakness, with the pair posting a decline of more than 0.8% on the day, bringing a bearish bias back into focus.
EUR/USD slips as Fed signals only one cut in hawkish hold
EUR/USD bounces off 1.1500 ahead of Fed interest rate decision
The Euro has been subjected to significant selling after the US and Israel launched attacks against Iran while the dollar has gained support on defensive grounds. The Euro to Dollar (EUR/USD) exchange rate dipped sharply to 7-month lows around 1.1415 last week before a tentative recovery to just above 1.15.
On the hourly chart of EUR/USD at FXOpen, the pair extended the decline below 1.1500. The Euro even declined below 1.1440 before the bulls appeared against the US Dollar.
The US dollar has softened slightly over the past couple of sessions, helped along by a modest recovery in equities. There's a hint of risk appetite creeping back in, largely because oil prices have paused after their recent surge.
EUR/USD: Pullback risk on Fed signals – ING
EUR/USD year-ahead forecast: Median, range and upside/downside risks based on projections from 20+ investment banks and FX analysts.View forecasts The Euro to Dollar (EUR/USD) exchange rate edged higher on Wednesday, holding around the mid-1.15s as investors positioned for the Federal Reserve's policy decision and updated projections... Exchange Rates UK - Exchange Rates and Foreign Exchange
USD/JPY is edging modestly lower for a third consecutive session, driven by broad U.S. dollar weakness and a stabilisation in risk sentiment as oil prices ease back below $100 a barrel.