EUR/USD has so far held a higher-low this week, but sellers don’t appear finished yet as USD strength has continued ahead of tomorrow’s Non-farm Payrolls report.
A three-month decline takes Euro into downtrend support into the start of the year with momentum fading. Battle lines drawn on the EUR/USD weekly technical chart.
EUR/USD is opening 2025 with a fresh two-year-low as sellers extend the bearish trend that started earlier this week. Parity is an obvious point of interest but there’s a big spot of possible support along the way at the 1.0200 handle.
It was a brutal Q4 for EUR/USD as the pair had its most bearish quarterly outlay since Q3 of 2022. But – that prior instance marked a key low and the final month of Q4 showed a higher-low in the pair.
EUR/USD has recorded a 2% decline over the last five sessions, favoring the dollar and placing the euro in a sustained bearish zone.
Euro is poised to mark a fifth daily decline with EUR/USD trading back into support at the monthly range lows. Battlelines drawn on the short-term technical charts.
EUR/USD snaps the series of higher highs and lows from last week after attempting to trade back above the former-support zone around the April low (1.0601).
Euro rallied nearly 3% off the yearly lows with the bulls threatening a larger offensive into the yearly close. Battle lines drawn on the EUR/USD weekly technical chart.
While the headlines out of Europe have been largely negative, price action in the Euro hasn’t quite matched that pace. EUR/USD continues to push-higher while holding 1.0500 and EUR/JPY has pulled back from the early-week sell-off.
