With no major incidents reported and energy concerns easing, investors rotate out of the US Dollar into higher-yielding currencies. EUR/USD surges to $1.1773 and GBP/USD maintains bullish structure above $1.36.
Intraday analysis covering EURUSD, NZDUSD, and US 30 breaks higher, focusing on short-term price action, key support and resistance levels, and intraday market momentum across major instruments. EURUSD bounces higher The euro looks to turn things around after the recent 100-pip sell-off.
EUR/USD rose to 1.1717 on Wednesday, snapping a three-day losing streak. Pressure on the US dollar stems from growing expectations that the US will reach a negotiated settlement with Iran, reducing demand for the USD as a safe-haven asset.
EUR/USD: Range holds as Iran risk dominates – Commerzbank
EUR/USD edges higher above 1.1700 amid hopes for a US-Iran peace deal
EUR/USD strengthens above 1.1700 as Trump announces pause on Project Freedom
There was a sense of calm in the markets for much of today's session, as global stocks rallied and crude oil gave back a chunk of Monday's gains. All that helped to benefit the EUR/USD, gold and other risk assets.
Michael Boutros, Senior Market Analyst at FOREX.com, breaks down the EUR/USD technical outlook as price stalls below key resistance levels and tests critical support zones. He highlights the importance of the yearly open, recent trendline breaks, and key retracement levels, while outlining potential breakout scenarios ahead of major U.S. and eurozone data releases this week.
EUR/USD: Range trade persists with hawkish ECB – Scotiabank
The Euro managed to break above the resistance level of the triangle formation to meet the first target at 1.8000. Resistance at 1.1800-35 caused a drop while supports at 1.1600 could create a trading zone.
EUR/USD: Gas risks threaten fair value – ING
FX markets are entering a critical phase as Hormuz disruptions, central bank divergence, and BOJ intervention risks begin to reshape the US dollar outlook.