Euro: Downside risks build against US Dollar as oil rises – Scotiabank
Euro stays under pressure against US Dollar despite softer ADP data
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 tests two-week lows as risk aversion, Fed tightening bets buoy the US Dollar
EUR/USD price outlook: Euro/US Dollar navigating between arc levels
DXY strengthens as Iran escalation lifts inflation risks and Fed hike bets, while EUR/USD and GBP/USD extend their bearish breakdowns.
EUR/USD Price Forecast: Weakens below 1.1600, further consolidation cannot be ruled out
Morning briefing: EUR/USD could trade within 1.1550-1.1650
EUR/USD Price Forecast: 200-day SMA caps Euro as Dollar firms
The beginning of a new month marks a good opportunity to review the seasonal patterns that have influenced the forex market over the 50+ years since the Bretton Woods system was dismantled in 1971, ushering in the modern foreign exchange market.
The week has not been particularly favorable for the euro. Over the last three trading sessions, EUR/USD has declined by nearly 0.5%, once again highlighting a meaningful bearish bias in the short term.
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.