EURUSD, Dow Outlook: While markets respond to optimism surrounding a 90-day tariff cut between the U.S. and China, underlying fundamentals and economic data remain in focus — with the upcoming U.S. CPI release next on the radar.
The US dollar surged after a US–China trade breakthrough, driving breakouts in USD/JPY and USD/CAD, while AUD/USD faltered near key support.
Just a month ago EUR/USD was surging despite overbought conditions. Quite a bit has changed since then.
EUR/USD falls below 1.11 as US-China agree to pause tariffs. FTSE 100 rises on trade optimism, miners drive the gains.
If we hear more positive news regarding the US-China trade talks in the week ahead, then the current bullish EUR/USD forecast could be tested as the dollar potentially makes a comeback.
Over the past two sessions, EUR/USD has dropped more than 1.5% in favor of the U.S. dollar, and recent price action now reflects a neutral bias that has held steady amid the pair’s latest short-term movements.
The US dollar rallied Thursday as Trump secured a UK trade deal and boosted optimism ahead of key US–China negotiations, sending the yen sharply lower.
Euro is on track for a third straight weekly loss as bears press into key support—first major test in play. Battle lines drawn on the EUR/USD weekly chart.
EUR/USD has built a short-term descending triangle and the same support of 1.1275 is in-play again.
GBP/USD holds steady amid trade deal hopes & ahead of the BoE rate decision. EUR/USD slips as USD rebounds on trade deal hopes.
EUR/USD has snapped its multi-month uptrend, with sentiment swinging back in favour of the U.S. dollar on trade optimism and firming economic data. Can the euro hold key support or is a deeper pullback ahead?
Euro is coiled for a breakout with EUR/USD trading just above multi-month support ahead of today’s Fed decision. Battlelines drawn on the short-term technical charts.
