Eurozone Retail Sales contract more-than-expected: What weak Retail Sales mean for EUR/USD
Our previous projection for the pair still stands. EURUSD managed to hold above the support of 1.1530-80 and managed to hit above the first resistance of 1.1660 last week.
Euro: Downside risk toward key support against US Dollar – UOB
The Euro to Dollar (EUR/USD) exchange rate has drifted lower over the past week and is trading near 1.1610 after failing to sustain gains above 1.17 during May. Latest — Exchange Rates:Euro to Dollar (EUR/USD): 1.16089 (+0.01%)Pound to Dollar (GBP/USD): 1.34295 (+0.03%)Dollar to Yen (USD/JPY): 159.8915 (-0.04%) Foreign exchange.
EUR/USD looks increasingly vulnerable to a bearish breakdown as the divergence in economic fortunes between the US and Eurozone continues to widen. While US activity is accelerating, fuelled by strong domestic demand and an AI infrastructure spending boom, Eurozone business activity continues to flounder, leaving the bloc on track for a modest GDP decline this quarter.
EURUSD managed to hold above the support of 1.1530-80 and managed to hit above the first resistance of 1.1660 last week. As we see from the chart, the market still has room for further advance while resistance at 1.1720 could keep the chance for a correction.
EUR/USD Price Forecast: Tests 1.1600 amid flaring geopolitical tensions, higher Oil prices
Intraday analysis covering EURUSD , USDCAD , and UK 100 hits another low, highlighting recent price movements, key technical levels, and short-term momentum shifts across major markets. EURUSD looks for direction The euro continued to fight back against the dollar after the pair bounced by more than 100 pips in recent sessions.
EUR/USD remained under pressure on Wednesday, holding at 1.1629. The US dollar continues to draw support from difficulties in negotiations between the US and Iran, as well as a renewed escalation of tensions in the Middle East, which has increased demand for safe-haven assets.
Euro: Downside risks within range against US Dollar – UOB
Euro stalls as Oil shock keeps the US Dollar in play
Euro: Downside cushioned near 1.1400 against US Dollar – BBH