EUR/USD Price Forecast: Holds key 100-day SMA at start of the US CPI week
EUR/USD nears a crucial barrier — Can bulls clear the way?
Looking at the 4-hour chart, the pair traded above a bearish trend line with resistance at 1.1605. There was a move above the 100 simple moving average (red, 4-hour), and the pair remained well above the 200 simple moving average (green, 4-hour).
EUR/USD remains trapped in a tight range, but Thursday's ECB decision and US inflation data could provide the catalyst needed.
EUR/USD has defended pivotal support for a second week, with ECB and U.S. inflation risk poised to test the developing Septem.
EUR/USD Price Forecast: Euro forms potential higher low above 100-day SMA
EUR/USD Weekly Forecast: ECB to hike as Trump pushes for lower US rates
The Euro hit a correction towards the target and support of 1.1570. As we see from the chart and as long as the market holds above this support, a rebound towards 1.1710 is likely.
Euro slips against US Dollar as Nonfarm Payrolls crush expectations
EUR/USD rose to 1.1627. The US dollar fell sharply yesterday and remains under pressure today.
Euro: Gradual recovery from Warsh sell-off against US Dollar – ING