Euro: Soft undertone but fair value higher against US Dollar – Scotiabank
EUR/USD: Trading with the wave count and banking +54 pips (+2%)
The Euro is still hovering around the downtrend resistance line as more pressure still affects the market. As long as prices hold below the resistance of 1.1240-80 the drop pressure could continue towards the target and support of 1.1065, which in turn could lead to a correction.
Euro: Lower year-end target at 1.13 against US Dollar – ING
Amid a lack of any major news, the FX markets have been largely in consolidation mode in the first half of Tuesday's session. The US dollar eased along with bond yields and oil prices, allowing downbeat currencies like the euro to rebound modestly.
DXY holds above 102.10 ahead of U.S. CPI as EUR/USD struggles below 1.1218 and GBP/USD eyes a triangle breakout near 1.3284 amid Fed policy uncertainty.
EUR/USD Price Forecast: Holds gains above 1.1150, but remains technically bearish under 100-day SMA
Morning briefing: EUR/USD eyes 1.1100 support amid persistent US Dollar rally
The US bond market may be closed to start the week, but the foreign exchange market remains active, and the world's most widely-traded currency pair is falling to 17-month lows.
After falling for the fifth consecutive week, the EUR/USD has kicked off this week on a downbeat note. As well as macro pressures, strong bearish momentum prevented the pair from staging a meaningful comeback earlier in the day, leading to weakness in the afternoon trade.
Euro remains on the back foot amid French debt concerns, US Dollar strength
EUR/USD outlook: Remains under increased pressure from higher Dollar/Oil prices