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
Oil falls after mixed messages from the US and Iran. EUR/USD rises after hotter Eurozone inflation & amid a weaker USD.
Euro: Softer against US Dollar as yields climb – Danske Bank
The first week of June begins with the euro showing renewed signs of short-term weakness. This can be seen in recent EUR/USD price action, with the pair falling more than 0.2% during the session.
EUR/USD slips as renewed Middle East tensions boost the Greenback
US Dollar: Gradual depreciation path versus Euro – BNP Paribas
Just like last week, investors were slightly alarmed by the latest pick up in tensions in the Middle East, causing oil prices.
Euro: Range-bound risks with upside caps against US Dollar – Rabobank
Looking at the 4-hour chart, the pair climbed above the 38.2% Fib retracement level of the downward move from the 1.1787 swing high to the 1.1576 low. However, the bears seem to be active near the key hurdle at 1.1675.
EUR/USD is attempting to recover after defending a critical support zone at the monthly lows, with price now approaching the initial resistance. The rebound has improved near-term momentum and eased immediate downside pressure, but the broader outlook remains sensitive to how the pair reacts at this barrier.