EUR/USD weakens as US-Iran conflict strengthens the US Dollar
At the time of writing in mid-day in London, crude oil remained 8% higher on Middle East tensions, while Germany's DAX (-2.2%) and EUR/USD (-1%) were both trading sharply lower. Currencies and stock markets of oil-importing regions were facing the most pressure.
When is the US ISM Manufacturing PMI data and how could it affect EUR/USD?
EUR/USD: Energy shock challenges recovery story – ING
The Euro is still under pressure as we stated in the last few weeks as the target remains towards 1.1580. As we see over the Intraday chart, prices face the first resistance at 1.1860 while as long as the market holds trades it, the downtrend pressure could continue toward 1.1580.
The Euro has been very choppy during the month of February as traders are trying to figure out where the two central banks are heading at the moment.
EUR/USD holds losses near 1.1750 as German Retail Sales fall in January
EUR/USD rose to 1.1790 on Monday. The US dollar attempted to strengthen, but part of its rally was subsequently pared back.
EUR/USD: Oil shock risk supports Dollar – Commerzbank
EUR/USD recovers some early losses driven by rising energy prices amid US-Iran war
The Euro failed to stay above 1.1900 and declined against the US Dollar. EUR/USD traded below the 1.1850 and 1.1800 levels to enter a bearish zone.
EUR/USD Price Forecast: Breakdown below trading range support near 1.1770 comes into play