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Currencies EUR/USD

EUR/USD Pulls Back from Recent Highs Following US-Japan Deal that Bolsters Dollar and EU Trade Uncertainty Heightens

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  • July 23, 2025
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EUR/USD currency pair pulls back from more than two-week highs following fresh US Dollar strength and increasing uncertainty about the EU-US trade relationship as a drag on the Euro. Having seen a significant 1.3% advance in the last three days, the Euro is under pressure as concerns over possible 30% US tariffs, coupled with stalling negotiations, take their toll. At the same time, a “monster trade agreement” between the US and Japan has supported investor sentiment towards the Dollar. Through the pullback, the immediate bullish picture for the pair remains in place, with a key support holding above the 1.1720 threshold as markets look for the European Central Bank’s policy decision and EU consumer sentiment reports. KEY LOOKOUTS •  Market attention is on the status of current EU-US trade talks, as investors are concerned about possible 30% US tariffs on EU imports from August 1. •  Investors look to the Thursday ECB monetary policy release for signals on interest rate direction and potential easing as Eurozone growth slows. • The USD finds traction in a newly released US-Japan trade agreement, which could cap EUR/USD gains through the near term. • The EUR/USD currency pair remains above crucial support at 1.1720; a slide below may initiate further weakness to 1.1680 and 1.1645. The EUR/USD currency pair is under pressure after its robust three-day advance as investors respond to US Dollar’s fresh strength and increased uncertainty regarding EU-US trade relations. The Euro retreated from near two-week highs at 1.1760, trading around 1.1730 on fears that stalled trade negotiations may result in massive US tariffs on European imports on August 1. In contrast, a “massive trade deal” between the US and Japan has boosted the greenback, cutting short the Euro’s potential to advance. In spite of the correction, the pair has a near-term bullish outlook, with excellent support at 1.1720 in advance of major events like the ECB policy decision and EU consumer sentiment data. EUR/USD drifts from latest highs as US Dollar gains on reports of a trade agreement with Japan. EU-US trade tensions, combined with future ECB policy announcements, keep investors on their toes. Key support at 1.1720 remains in force, preserving the pair’s short-term bullish momentum. • EUR/USD falls back after surging 1.3%, weighed down by renewed US Dollar strength. • US-Japan trade agreement gives investors more confidence in the Dollar, taking it off recent lows. • Euro dips from 1.1760 to 1.1730, yet remains above key support at 1.1720. • EU-US trade uncertainty continues, with concerns over 30% US tariffs on EU exports from August 1. • ECB policy decision on Thursday is also a key market theme, with the expectation of a dovish tone. • Consumer Sentiment Index (EC) for July releases, but not likely to change sentiment unless it surprised positively. • Technical outlook is bullish, with attempts to the downside capped unless 1.1720 is breached. EUR/USD is attracting investor attention due to increasing geopolitical and economic uncertainty. The Euro’s recent upsurge has decelerated as worries intensify regarding the unclamped trade talks between the United States and the European Union. With a possible 30% US tariff awaiting EU products from August 1, market sentiment remains on edge. The announcement of a new US-Japan trade agreement has also added pressure on the Euro, as the deal boosts confidence in the US Dollar and highlights Washington’s aggressive trade stance. Meanwhile, EU representatives are heading to Washington in a last-minute attempt to secure a deal and avoid retaliatory measures, keeping traders on edge. EUR/USD DAILY PRICE CHART SOURCE: TradingView Adding to the subdued tone, the European Central Bank will be announcing its most recent monetary policy decision, which would influence market direction for the Euro over the next few weeks. There will be no significant shifts in interest rates, though the market will be keenly aware of any indication of the ECB’s economic outlook or upcoming policy measures. Also on the horizon is the European Commission’s Consumer Sentiment Index for July, which is expected to evidence only modest improvement and is still below the long-run average—a further indication of the Eurozone’s dud recovery. Such developments collectively highlight the wider macroeconomic and political dangers confronting the Euro. TECHNICAL ANALYSIS EUR/USD is still in a short-term bullish formation despite its recent retreat. The duo has found support at higher levels of 1.1720, which was earlier the level of resistance, indicating a possible base for fresh northward movement. The 4-hour Relative Strength Index (RSI) had moved into overbought levels following the recent upsurge, leading to the ongoing correction. A prolonged break below 1.1720 could pave the way for additional declines towards 1.1680 and 1.1645. On the positive side, resistance is capped at 1.1760, with a breach above the level set to reveal higher targets at 1.1790 and 1.1830. FORECAST As long as EUR/USD holds above the crucial support at 1.1720, the pair may return to bullish momentum. A successful bounce may propel the price back toward the immediate resistance at 1.1760. A breakdown below this level would probably open the way for a decline towards the next resistance levels at 1.1790 and possibly 1.1830, the monthly high. Encouraging news of EU-US trade negotiations or a dovish Federal Reserve could also give additional impetus to the Euro. On the negative side, a clean break below 1.1720 might indicate further weakness in the EUR/USD pair. This would tend to provoke a test of the next support at 1.1680, with a possible decline to 1.1645 along the reverse trendline. Poor Eurozone economic data, disappointing ECB guidance, or ongoing US Dollar strength on the back of positive trade news may fuel the downward pressure.

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Currencies EUR/USD

EUR/USD Fails to Gain Momentum Amid Trade Uncertainty and Bearish Technical Indications

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  • July 8, 2025
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EUR/USD currency pair continues to experience pressure even after modest recovery from two-week lows, as global trade uncertainty and incongruent Eurozone data continue to unfavorably impact market sentiment. Though expectations of positive developments in Eurozone-US trade talks have provided diminishing support for the Euro, broader risk aversion and safe-haven demand for the US Dollar are limiting any follow-through upside. Technically, the pair is ranging in a bearish expanding wedge, resistance being approximately 1.1780 and significant support at 1.1685. The pair’s general bearish outlook is supported by weak consumer demand, weak trade data, and persistent worries regarding US tariffs. KEY LOOKOUTS • Wednesday’s release may change sentiment based on the extent of the division among Fed members regarding future rate action. • Any news of updates or deals made may affect the direction of the Euro. • A breakout above 1.1780 or a breakdown below 1.1685 should confirm direction. • Ongoing worries regarding US tariffs and international trade may make the US Dollar remain sought-after as a safe haven. EUR/USD pair continues to be pressured as uncertainty in trades and aversion in global risk prevail in market sentiment. Even as the Euro received some lift from optimism on improvement in Eurozone-US trade negotiations and a short reprieve from US tariff threats, the overall bearish trend is still in force. Indifferent economic reports in Germany and France, coupled with declining retail sales in the Eurozone, further undermined faith in the European economy. In the meantime, the US Dollar remains resilient on safe-haven demand, with market participants keeping a keen eye on the future FOMC minutes for any indication of future monetary policy direction. EUR/USD is unable to hold onto gains as trade tensions and soft Eurozone data continue to firm up the bearish trend. Safe-haven demand for the US Dollar and technical resistance around 1.1780 continue to cap upside. • EUR/USD is in a longer-term bearish trend, even though short-term it has bounced from two-week lows. • Trade uncertainty continues, with global risk sentiment subdued by renewed threats of US tariffs. • Eurozone economics is mixed, with weak consumption and easing trade activity. • US Dollar is still strong as investors turn to safe-haven assets in market volatility. • Technical pattern is that of an expanding wedge, generally a bearish pattern signaling potential for further fall. •  Resistance at 1.1780 is key, with a break upwards required to change the bearish view. •  Support at 1.1685 and 1.1630, coinciding with key Fibonacci levels and structure of trendlines. The EUR/USD is finding its way through a risk-averse market climate as investor attitudes are still influenced by ongoing trade tensions around the world. The latest news, with US President Trump reissuing tariff threats, has reawakened fears for global economic stability. Although optimism regarding Eurozone-US trade talks at one point boosted the Euro, wider uncertainty and a risk-averse tone have capped its advance. Economic performance across the Eurozone remains weak, with consumer confidence and trade statistics both showing increased weakening against ongoing global headwinds. EUR/USD DAILY PRICE CHART SOURCE: TradingView On the macroeconomic side, recent German and French data present conflicting signals. Germany posted an increase in trade surplus mainly on account of falling imports, which is indicative of softer domestic demand, whereas that of France edged higher. Moreover, retail sales within the Eurozone declined sharply in May, representing the steepest fall in almost two years, highlighting once again the effect of economic uncertainty on consumption. Against a light US economic schedule, markets are now looking ahead to the coming FOMC minutes, which could provide some insight into the Federal Reserve’s monetary policy stance and what it means for currency markets.        TECHNICAL ANALYSIS EUR/USD is trading in a widening wedge pattern, a normally bearish formation that is often seen at market tops. The duo immediately meets resistance at 1.1780, which corresponds with the downward trendline from July 1 highs. A clean break above it and subsequent highs at 1.1790 would be necessary to negate the bearish scenario. To the downside, solid support is observed at 1.1685, identified by the 38.2% Fibonacci retracement of the June 24-July 1 rally. A break below this level would set the stage for further declines towards the 1.1630–1.1645 zone, where the 50% Fibonacci retracement and the highs align. Momentum indicators such as the RSI are also neutral, trading around the 50 mark, indicating indecision among the traders. FORECAST If euphoria about Eurozone-US trade talks holds and there are no new tariff threats on the horizon, EUR/USD may try to stage a slight rebound. A clear break above the near-term resistance at 1.1780 might open the door for further advances towards the 1.1790 region and potentially 1.1830, as long as market sentiment shifts risk-on. Moreover, any dovish sentiment in the next FOMC minutes or softer-than-anticipated US data could keep the US Dollar in check and support the Euro’s short-term upside potential. Conversely, ongoing fears of trade tensions at the global level and lower Eurozone fundamentals might push the EUR/USD pair down. A strong break below the 1.1685 support may result in a slide towards the next support zone of 1.1630–1.1645. If bearish pressure picks up and the US Dollar holds strong on account of safe-haven demand, the pair might even hit the 1.1600 psychological support level in the near future.

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Currencies EUR/USD

EUR/USD Falls Below 1.1800 as US Dollar Strengthens on Robust Job Figures and Powell’s Cautious Note

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  • July 2, 2025
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EUR/USD currency pair is further falling below the 1.1800 mark as the US Dollar strengthens on the back of solid economic data and a cautious note from Federal Reserve Chairman Jerome Powell. A steep increase in US JOLTS Job Openings and higher-than-anticipated ISM Manufacturing PMI data have restored investor sentiment in the US economy, upholding the Greenback. On the other hand, dovish comments from European Central Bank (ECB) officials and a surprise rise in Eurozone unemployment have dragged the Euro lower. With markets looking forward to the ADP Employment Change and Nonfarm Payrolls news, bearish technical indicators indicate more downside risk for EUR/USD. KEY LOOKOUTS • Markets are waiting for the ADP Employment Change report for June, due to report a 95K increase in jobs, and which will determine the tone before Thursday’s Nonfarm Payrolls. • Investors will be watching ECB President Christine Lagarde’s comments at the Sintra Summit closely for any new policy indications with creeping Eurozone unemployment. • EUR/USD is gaining more bearish momentum on the 1-hour chart, with a Head & Shoulders setup looking to target support at 1.1690–1.1650. • Robust US data and Powell’s conservative “wait-and-see” stance remain in favor of the USD, lowering short-term rate cut prospects. EUR/USD currency pair is bearish as the US Dollar strengthens on the back of a robust set of economic data and conservative statements by Federal Reserve Chairman Jerome Powell. After briefly recovering above 1.1800, the Euro has turned back, buried by the surprise increase in Eurozone unemployment and dovish rhetoric from ECB officials. Conversely, the US labor market remains resilient, with both JOLTS Job Openings and ISM Manufacturing PMI beating forecasts. While markets shift their attention to the next big events such as the ADP Employment Change and ECB President Lagarde speech, bearish technical indications point toward potential further EUR/USD decline. EUR/USD extends losses as the US Dollar strengthens on positive job data and Powell’s dovish attitude. Higher Eurozone unemployment and dovish ECB news increase pressure on the Euro. Markets now look to the ADP Employment report and Lagarde’s speech for new direction. • EUR/USD trades below 1.1800, reversing from recent multi-year highs at 1.1830. • US Dollar gathers strength on positive JOLTS Job Openings and ISM Manufacturing PMI data. • Fed Chair Jerome Powell is also conservative in tone, stressing a “wait-and-see” stance on rate cuts. • Eurozone unemployment rose unexpectedly to 6.3%, weighing on the Euro. • Dovish statements by officials such as Rehn and Centeno on the ECB suggest possible further easing. • Bearish Head & Shoulders formation on the EUR/USD 1-hour chart directs the focus toward a decline to 1.1690–1.1650. • Attention turns to next US ADP report and ECB President Lagarde’s speech for further guidance. The EUR/USD currency pair is under renewed bearish pressure with economic divergence between the Eurozone and the United States being increasingly highlighted. The Euro is negatively influenced by a surprise increase in Eurozone unemployment to 6.3%, in addition to dovish comments from European Central Bank officials who remain worried about chronically low inflation. While German production figures revealed some relief and Eurozone CPI flattened, these were not enough to boost sentiment due to investors’ expectations of a more conservative ECB policy course in the near term. EUR/USD DAILY PRICE CHART SOURCE: TradingView In contrast, the US Dollar is strengthening on recent figures that reinforce the solidity of the US economy. Solid job opportunities and a recovery in the ISM Manufacturing PMI have been timed with Federal Reserve Chairman Jerome Powell’s dovishness at the ECB Forum in Sintra, where he invoked caution to follow data closely prior to making any policy action. With strong labor market data and steadfast inflation indications, the Fed is likely to stay patient on rate cuts, providing the USD with a steady tailwind. Focus then shifts to the ADP Employment report and Nonfarm Payrolls, which may offer more insight into the outlook for the US economy. TECHNICAL ANALYSIS EUR/USD is seen gathering bearish momentum following its inability to hold above the 1.1800 mark. The pair has broken below the Head & Shoulders neckline on the 1-hour chart and is now poised for a trend reversal. The Relative Strength Index (RSI) is falling lower into negative ground, supporting the bearish view. A confirmed decline below Tuesday’s low at 1.1760 would leave the door open toward the pattern’s measured target at 1.1690. Below that, focal support is between Tuesday’s June 27 low at 1.1680 and Monday’s June 26 low at 1.1650. On the positive side, there is resistance at 1.1810 and 1.1830 and stronger resistance at 1.1850 indicated by the 261.8% Fibonacci extension. FORECAST Should EUR/USD be able to stay above the 1.1760 level and recover bullish strength, the pair may try to retest the 1.1800 psychological level. A break above 1.1810 and sustained would reveal the recent high at 1.1830. Additional bullish pressure may drive the pair to the 1.1850 resistance, indicated by the 261.8% Fibonacci extension of the June 26–30 rally. A positive change in Eurozone fundamentals or dovish US labor statistics can serve as a catalyst for higher highs. On the negative, inability to hold the 1.1760 support would speed the bearish correction. Breaking below this level would affirm the Head & Shoulders formation and aim for the next significant support at 1.1690. Ongoing pressure selling might take EUR/USD towards the 1.1680–1.1650 region, where buyers might intervene to stabilize the pair. Poor Eurozone economic data or better-than-anticipated US labor statistics would tend to strengthen the downward path.

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Currencies EUR/USD

EUR/USD Climbs to YTD Highs after Trump-Facilitated Iran-Israel Ceasefire Rouses Risk Rally

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  • June 24, 2025
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EUR/USD pair climbed to its year-to-date highs after U.S. President Donald Trump declared Israel and Iran’s total ceasefire, inciting a worldwide risk-on rally. The Euro gained traction as investors distanced themselves from the safe-haven U.S. Dollar, boosted further by the sudden decline in crude oil prices, which suits the Eurozone as a net importer. Breaking a bullish flag pattern, EUR/USD is now eyeing major resistance levels of 1.1630 and 1.1700. The market is also keeping a close eye on Fed Chairman Jerome Powell’s congressional testimony for more indications on future U.S. monetary policy as expectations for interest rate cuts continue to grow. KEY LOOKOUTS • Trump-declared Iran-Israel ceasefire has unleashed a global risk-on mood, devaluing the U.S. Dollar and strengthening the Euro. • Oil prices have declined sharply, alleviating the inflation fear in the Eurozone and adding to the support for the EUR/USD rally. • EUR/USD broke above a bullish flag chart pattern and trendline resistance levels, with target points at 1.1630 and 1.1700. • Markets look forward to Powell’s assessment of inflation and growth prospects, which may influence expectations for future U.S. interest rate decisions. EUR/USD pair has jumped to multi-month highs as a high-risk rally was driven by U.S. President Trump’s declaration of a ceasefire between Israel and Iran. This geopolitical development helped alleviate market anxiety, with investors unloading the safe-haven U.S. Dollar and opting for riskier assets such as the Euro. Contributing to the strength of the Euro is a steep drop in oil prices, which provides relief to the energy-hungry Eurozone economy. From a technical standpoint, EUR/USD has broken above a bullish flag pattern, with the next levels at 1.1630 and 1.1700 as traders also pay close attention to Fed Chair Jerome Powell’s congressional testimony for additional guidance on U.S. monetary policy. EUR/USD jumped hard following Trump’s declaration of an all-out ceasefire between Iran and Israel, as risk appetite turned bullish. The steep decline in oil prices and softening demand for the U.S. Dollar provided the fuel for the Euro’s escalation. Traders now look to 1.1630 and 1.1700 as primary upside targets. • Trump declared an all-out ceasefire between Iran and Israel, which set off a global risk-on surge. •  EUR/USD surged more than 1.30%, touching levels in excess of 1.1600 and close to the year-to-date high of 1.1630. •  The U.S. Dollar fell dramatically as safe-haven investors fled. •  Oil prices declined almost 3% on Tuesday, following a fall of 13% on Monday, softening inflationary pressure in the Eurozone. •  EUR/USD broke above a bullish flag formation, affirming bullish momentum with targets at 1.1630 and 1.1700. • Fed Chair Powell’s testimony is under the spotlight, with markets looking for interest rate cut signals as U.S. growth slows. • Eurozone PMIs were mixed, but rising sentiment and declining energy prices are providing short-term support for the Euro. The EUR/USD currency pair received a solid lift after a significant geopolitical news event, as U.S. President Donald Trump declared a “complete and total” ceasefire between Israel and Iran. This revelation provided major relief to world markets that were in the doldrums because of mounting Middle East tensions. With concern regarding a wider conflict abating, investors moved swiftly to risk assets, shedding exposure to safe-haven currencies such as the U.S. Dollar. The Euro, therefore, took advantage of risk appetite returning and picked up significant momentum against the Dollar. EUR/USD DAILY PRICE CHART SOURCE: TradingView Aside from geopolitical respite, declining oil prices have also propped up the Euro. Since Europe is a net crude importer, the recent steep drop in oil prices is viewed as a silver lining for the continent’s economy, which has been grappling with inflation and moribund growth. Economic news is also being watched closely by the market, such as German economic climate indicators and forthcoming speeches by ECB officials. In the meantime, in the U.S., focus shifts to Fed Chair Jerome Powell’s congressional testimony, where his inflation and economic stability views could shape future policy expectations. TECHNICAL ANALYSIS EUR/USD broke above a bullish flag chart pattern, indicating a continuation of the uptrend. The duo climbed through the critical trendline resistance level of 1.1540, confirming bullish pressure and targeting the subsequent levels of resistance at 1.1630—the year-to-date high—and 1.1700, corresponding to the 127.2% Fibonacci extension of the recent June rally. Supportively, on the bearish side, immediate support is found at the reverse trendline of 1.1535, and a break below that could negate the bullish setup, revealing the 1.1445 zone back into focus. FORECAST If optimism in the market persists and geopolitical tensions remain low, EUR/USD will most likely continue its bullish sentiment. A break above 1.1630 and maintaining it is likely to pave the way for a move up to the next important resistance at 1.1700. Further U.S. Dollar weakness, prompted by dovish expectations from the Fed or weaker economic news, would add fuel to the Euro’s up move. Positive sentiment around lower oil prices and stabilizing Eurozone fundamentals could also provide tailwinds for the pair in the short term. On the flip side, any revival of geopolitical tensions or better-than-anticipated U.S. economic data can revive safe-haven Dollar demand, exerting downward pressure on EUR/USD. A breakdown below the support level at 1.1535 could initiate a bearish correction, possibly pulling the pair towards the 1.1445 level. Furthermore, a firmer tone from Fed Chair Powell or weaker-than-expected Eurozone data can undermine the bullish mood and stop the rally in its tracks.

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Currencies EUR/USD

EUR/USD Outlook: Bulls Target Higher Ground Ahead of Critical Fed Decision Amid Climbing Channel Support

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  • June 16, 2025
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EUR/USD currency pair starts the week softer, trading marginally below mid-1.1500s as the US Dollar modestly rallies. That said, the pair is still just short of multi-year highs near 1.1630 with traders holding out for the pivotal FOMC decision on Wednesday that might influence near-term market sentiment. Though probability of a September Fed rate cut constrains aggressive USD purchases, the hawkish bias of the European Central Bank remains supportive of the euro. Technically, the pair is still in a strong short-term bull trend in an ascending channel, so there is more potential for further price gains. Significant support is around 1.1500 and 1.1430, with the levels of resistance at 1.1600 and 1.1630 likely to cap the price unless bullish momentum accelerates. KEY LOOKOUTS • Market players are waiting for the Federal Reserve policy announcement, which has the potential to dictate the near-term trajectory of the USD and EUR/USD pair. • Signs of the European Central Bank nearing the close of its rate-cutting phase continue to underpin euro strength. • Levels of support are at 1.1500 and 1.1430, with nearest resistance at 1.1600 and the multi-year high at 1.1630. • Mild US Dollar gains may cap EUR/USD upside, but any indication of fresh USD weakness would encourage fresh buying interest in the pair. EUR/USD pair is trading with a modest bearish inclination at the start of the new week, just below the mid-1.1500s as there has been a modest rise in the US Dollar. Even with the minor retreat, the pair is still near its highest level since October 2021, underpinned by speculation that the Federal Reserve could restore rate cuts as soon as September. Meanwhile, the European Central Bank’s recent turn to a hawkish policy has kept supporting the euro. Technically, the pair is still in a well-established ascending channel, and this represents a short-term bull trend that benefits buyers. Support comes in at 1.1500 and 1.1430, while resistance comes in at 1.1600 and 1.1630, with a possible breakout above 1.1660 paving the way for more gains towards the 1.1700 level. EUR/USD begins the week lower but remains close to multi-year highs as FOMC decision is awaited. September’s possible rate cut by the Fed and ECB’s aggressive stance continue to fuel euro’s upward momentum. Technical charts indicate the pair is in a bullish trend inside an uptrending channel. •  EUR/USD is trading with a weak bearish inclination below mid-1.1500s during early Asian market hours. •  The currency pair is hovering close to its all-time high since October 2021 at around the 1.1630 level. •  Market attention is riveted on the next FOMC decision, with anticipation of a September Fed rate reduction. •  The European Central Bank’s aggressive policy orientation underpins ongoing euro appreciation. •  The uptrending channel on the daily chart shows a robust short-term bullish trend. •  Support levels are at 1.1500, 1.1450, and 1.1430; a fall below would target 1.1370. •  Resistance levels are at 1.1570, 1.1600, and 1.1630, with a breakout above 1.1660 potentially unlocking the door to 1.1700. The EUR/USD currency pair starts the new trading week on a reserved note as traders wait for the much-awaited FOMC policy decision later on Wednesday. The result of this meeting is likely to give new hints on the monetary policy direction of the Federal Reserve, with increasing rumor that the Fed might restart its rate-cutting cycle as soon as September. This US interest rate uncertainty has curbed aggressive action in the US Dollar, leaving traders in wait-and-see mode before the central bank’s announcement. EUR/USD DAILY PRICE CHART SOURCE: TradingView On the European side, the recent cues from the European Central Bank indicate that its rate-cutting cycle is near completion, which has provided some relief to the euro in recent trading sessions. The policy divergence between the Fed and the ECB has acted in favor of the euro’s relative strength. In the meantime, wider market sentiment isstill guarded in response to mixed global economic data and continued geopolitical uncertainty, keeping traders on their guard and choosing to be selective in their positioning as they wade through the week’s decisive events. TECHNICAL ANALYSIS EUR/USD continues to be well-contained within an uptrending channel, showing a strong short-term bullish trend. Daily chart oscillators remain in positive range, indicating that the momentum is still in the hands of buyers. There is immediate support at the 1.1500 psychological mark, with additional weakness cushioned by the 1.1450-1.1430 area, where horizontal and trendline support converge. To the upside, resistance markers are 1.1570 and 1.1600, with a strong break above the recent high at 1.1630 potentially setting the stage for a journey to the 1.1700 handle. FORECAST Should the uptrend momentum continue, EUR/USD has the potential to test immediate resistances of 1.1570 and 1.1600 in the short run. A solid breakout above the latest multi-year high at 1.1630 might initiate new buying interest, driving the pair up towards the top line of the uptrending channel around 1.1660. Stronger support above this level might pave the way for an additional rally up to the psychological 1.1700 threshold, solidifying the positive view. On the negative side, any corrective pullback will likely have early support around the 1.1500 psychological level. A break below that level could expose the 1.1450-1.1430 horizontal support area, which also overlays the lower edge of the ascending channel. Should bearish pressure increase and the pair fall below this key support, EUR/USD can continue its slide down towards 1.1400, with the next significant support lying around 1.1370-1.1365.

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Currencies EUR/USD

EUR/USD Rebounds Amidst Fading US-China Optimism and Eurozone Strength

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  • June 10, 2025
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EUR/USD pair has reversed earlier losses, moving back above 1.1420, as investor confidence in the US Dollar wanes amidst ongoing, complex US-China trade negotiations. While positive remarks from President Trump initially offered some USD support, market participants remain cautious, awaiting concrete progress on challenging issues like rare earths and chip exports. Simultaneously, the Euro is finding support from positive Eurozone data, including a significant improvement in the Sentix Investors’ Confidence Index and hawkish comments from ECB officials, along with better-than-expected Italian Industrial Output. The pair is expected to remain within its recent trading range as the market awaits further developments from the trade talks. KEY LOOKOUTS • The specifics and timeline of any resolution to the ongoing trade discussions will be crucial, as a breakthrough could boost risk sentiment and the US Dollar, while prolonged impasses could weigh on it. • Following their recent rate cut, any further signals from the ECB regarding the pace or pause of future monetary policy adjustments, particularly in light of evolving inflation data, will significantly impact the Euro’s trajectory. • Continued strength in Eurozone economic indicators, such as consumer confidence and industrial output, will be essential to sustain the Euro’s current support. Any signs of weakening could shift sentiment against the currency. • The release of US Consumer Price Index (CPI) data will be a key determinant for Federal Reserve policy expectations and, consequently, the strength of the US Dollar. EUR/USD pair is currently experiencing a rebound, trading above 1.1420, driven by a confluence of factors: waning confidence in the USD due to the intricate and drawn-out US-China trade negotiations, coupled with renewed strength in the Eurozone. Though early supportive statements from US President Trump over the trade talks provided some temporary boost to the dollar, the market is still guarded with respect to the complicated issues in question, including rare earths and chip export bans, which require high concession from both parties. Simultaneously, the Euro is gaining traction from favorable economic data, including a notable improvement in the Sentix Investors’ Confidence Index for June, turning positive for the first time in a year, alongside hawkish remarks from ECB officials and better-than-expected Italian Industrial Output figures. As a result, the pair is expected to largely remain confined within its recent trading ranges as investors await definitive outcomes from the ongoing trade discussions. The EUR/USD has reversed earlier losses, climbing above 1.1420 as waning confidence in the US Dollar, stemming from complex US-China trade talks, converges with growing optimism for the Euro. This Euro strength is fueled by positive Eurozone investor confidence and hawkish comments from ECB officials. The pair is likely to remain range-bound as markets await concrete developments from the trade negotiations. • The pair has retraced previous losses, moving back above 1.1420. • Confidence in the US Dollar is declining due to ongoing US-China trade talks. • While some positive remarks exist, investors are awaiting concrete progress on “thorny issues” in US-China trade. • The Sentix Investors’ Confidence Index in the Eurozone significantly improved in June, turning positive for the first time in a year. • Comments from ECB officials (Olli Rehn and Francoise de Villeroy) have reinforced a hawkish stance. • Italian Industrial Output advanced against expectations, further supporting the Euro. • The pair remains within recent trading ranges as investors are reluctant to place large directional bets until trade developments become clearer. The current market environment sees the Euro regaining some ground against the US Dollar, influenced by shifting sentiment around global trade. While initial reports hinted at constructive discussions between the US and China, the complexities of reaching a comprehensive trade agreement appear to be creating some uncertainty, causing a re-evaluation of the US Dollar’s recent strength. Investors are taking a more cautious stance, patiently awaiting clear signals about the path forward for the world’s two largest economies, especially concerning challenging areas like rare earth minerals and technology exports. NZD/USD DAILY PRICE CHART CHART SOURCE: TradingView In parallel, the Euro is finding its own foundation for support from within its own region. Recent economic data from the Eurozone has shown encouraging signs, notably with a significant improvement in investor confidence. This positive sentiment is further bolstered by statements from European Central Bank officials, indicating a more attentive approach to monetary policy in the future. Combined with solid industrial output figures from Italy, these developments collectively contribute to a more favorable outlook for the Euro at this time. TECHNICAL ANALYSIS EUR/USD pair has seen a notable reversal, climbing back above the 1.1420 level and holding within a recent trading range. This consolidation suggests that while bulls have found a footing, they are currently encountering resistance, preventing a clear breakout. The price action indicates a battle between buyers and sellers around these levels, with investors awaiting a decisive catalyst—likely from the ongoing US-China trade talks—to establish a new directional trend. Key support and resistance levels within this range will be closely watched, as a clear break above or below these points could signal the next significant move for the pair. FORECAST Euros could continue to rally against the Greenback if a truly meaningful and comprehensive breakthrough in the US-China trade negotiations becomes material. Any deal that leads to a resultant substantially large cut or removal of tariffs is likely to boost the risk appetite at the world level, reduce demand for safe haven USD, and encourage capital flows to more growth-sensitive currency like Euro. Additionally, sustained positive momentum in Eurozone economic data, particularly if inflation figures remain elevated but growth continues to show resilience, could lead the European Central Bank (ECB) to adopt a more hawkish stance than currently anticipated. If the ECB signals fewer rate cuts or even a pause in its easing cycle, this would significantly bolster the Euro. Conversely, the EUR/USD pair faces downside pressure if the US-China trade talks stall or completely break down. The current “thorny issues” like rare earths and chip exports could prove difficult to resolve, leading to prolonged uncertainty or even an

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Currencies EUR/USD

EUR/USD Pulls Back After ECB Hawkish Signal Before Major Eurozone Data and US Nonfarm Payrolls

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  • June 6, 2025
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EUR/USD Pulls Back After ECB Hawkish Signal Before Major Eurozone Data and US Nonfarm PayrollsEUR/USD jumped briefly to a nearly two-month high around 1.1500 after the European Central Bank (ECB) lowered rates by 25 basis points, with ECB President Christine Lagarde’s unusually hawkish tone indicating the end of the easing cycle. Yet, the duo has since retreated under 1.1430 as investors become risk-averse ahead of key Eurozone economic releases such as Q1 GDP and April retail sales and highly awaited US Nonfarm Payrolls data. Market attention is still on how the data points will impact the Euro and the US Dollar outlook under persistent global trade uncertainty. KEY LOOKOUTS •  The May jobs report, which is forecasted to indicate slower private payroll expansion and a modest increase in unemployment, may strongly influence USD strength and EUR/USD direction. •  The last GDP reading is seen to be revised slightly higher to 0.4% quarterly expansion, which would support the Euro if borne out. •  Growth in consumption is forecasted steadily, which will enable estimates of consumer confidence as well as economic momentum in the Eurozone. •  Investors will monitor additional clues on the possibility of more rate cuts or the conclusion of the easing cycle in the wake of ongoing economic uncertainties. After the European Central Bank lowered interest rates and President Lagarde delivered surprisingly hawkish comments, the Euro initially jumped to fresh six-week highs versus the US Dollar. But the momentum lost steam as investors became wary in the face of important Eurozone economic indicators and the decisive US Nonfarm Payrolls release. While the ECB indicated that the cycle of easing could be close to the end, there are still concerns surrounding inflation and economic growth. Market players are presently concerned with whether future data will support the strength of the Euro or provide an opportunity for reassessment of the US Dollar in light of continued trade tensions and mixed US economic indicators. EUR/USD surged to a two-month peak following the rate cut by the ECB and hawkish sentiment but retreated as market players waited for critical Eurozone data and the US Nonfarm Payrolls report. Market attention remains on whether these releases will validate the Euro’s strength or will strengthen the US Dollar. • EUR/USD hit a near two-month high of 1.1495 after the rate cut and hawkish words from President Lagarde. • ECB reduced the Deposit Facility rate by 25 basis points to 2.0%, hinting at a possible end to the easing cycle. • Lagarde’s positive but cautious tone decreased market hopes for future cuts in the rate this year. • Eurozone’s Q1 GDP will be revised slightly higher to 0.4% quarterly expansion. • Eurozone’s April retail sales are forecast to record stable year-on-year growth of about 1.4%. • US Nonfarm Payrolls report is eagerly awaited, with the view for slower employment growth and a marginal increase in unemployment. • EUR/USD is probing the key technical support at 1.1400, with the resistance near 1.1495 and 1.1585 Fibonacci levels. Euro jumped to its best level in almost two months after the recent rate cut by the European Central Bank and the unexpectedly hawkish message conveyed by ECB President Christine Lagarde. While the central bank reduced interest rates as anticipated, Lagarde’s remarks indicated the period of monetary easing could be coming to an end, leading investors to reassess their expectations of future policy action. This change in sentiment aided confidence in the Euro, which was further bolstered by favorable news on German government bonds and an overall dovish yet positive sentiment towards the outlook for the Eurozone economy. EUR/USD DAILY PRICE CHART CHART SOURCE: TradingView In spite of this optimism, market players are still wary as they wait for crucial Eurozone economic data, such as the revised first quarter GDP and April retail sales. These numbers will be crucial in gauging the health of the Eurozone economy and will determine the direction of the currency in the near future. In the meantime, focus is also closely on the forthcoming US Nonfarm Payrolls release, which may influence the US Dollar and influence EUR/USD action in light of ongoing uncertainty surrounding trade talks and general global economic sentiment. TECHNICAL ANALYSIS EUR/USD has been on an upward trend since the middle of May, marked by higher highs and higher lows, indicating a bullish momentum. The duo encountered some resistance at the psychological 1.1500 level, where bears stepped in to halt the rally for the moment. Now, the price is falling back to an important support level of 1.1400, which overlaps with an uptrend line and a round-number level that traders closely monitor. A violation of this support might put the current bullish trend into question, with additional downside targets at 1.1360 and 1.1315. On the downside, levels to monitor for resistance are the recent high at 1.1495 and the 261.8% Fibonacci extension at 1.1585, which could serve as potential ceilings to further rises. FORECAST In the future, provided that the Eurozone economic figures meet or beat expectations—i.e., a revised positive GDP and consistent retail sales growth—EUR/USD might recover bullish momentum and try to breach above the latest resistance at 1.1500. Strong data and muted US employment numbers may further undermine the US Dollar, which might drive the pair to the next significant resistance level of approximately 1.1585. Such a move would add strength to the market sentiment that the ECB is nearing the end of its easing cycle, which would bolster the strength of the Euro in the medium term. On the other hand, if Eurozone numbers disappoint or the US Nonfarm Payrolls reading comes in surprising on the positive side with more-than-anticipated job growth, the Euro would stand to lose value. In this scenario, EUR/USD would head to its important support lines around 1.1400 and could even fall further to 1.1360 or 1.1315. A breach below these support levels may indicate changing sentiment, threatening the recent bullish momentum and inviting further weakness as traders reevaluate the ECB’s monetary policy prospects and the relative

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Currencies EUR/USD

EUR/USD Loses Ground in the Run-Up to Eurozone Inflation Data as US Dollar Experiences Technical Correction

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  • June 3, 2025
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EUR/USD is losing ground as the US Dollar recovers on technical basis even as the US manufacturing data remains soft. Market players remain focused on the release of forthcoming Eurozone HICP inflation data, which may set the direction for ECB policy. In the meantime, trade tensions have flared again after Donald Trump suggested doubling steel and aluminium tariffs, which elicited a sharp retort from the European Union. With increasingly worrying fears about global trade and economic deceleration, investors stay on guard ahead of major US labor market releases, which may further influence currency action. KEY LOOKOUTS • The markets are looking forward to the publication of the Harmonized Index of Consumer Prices (HICP) that will provide a glimpse into the European Central Bank (ECB) policy direction. • US Dollar recovers on technical correction, even as a softer ISM Manufacturing PMI reading hints at possible stagflation pressures in the US economy. • Trump’s suggestion that tariffs on steel and aluminium be doubled in size stokes concerns about intensifying trade tensions, prompting denials from the European Union and putting at risk current negotiations. • Investors look to the next US JOLTS report for new labour market indications that will affect USD strength and inform near-term EUR/USD action. EUR/USD is lower around 1.1420 in the Asian session on Tuesday, as the US Dollar experiences a technical correction in spite of continued fears of economic slowdown. The pair fell after its robust performance in the last session, having appreciated more than 0.50%. Traders now await the forthcoming Eurozone Harmonized Index of Consumer Prices (HICP) inflation to see how it affects European Central Bank policy expectations. On the other hand, US manufacturing activity continues to shrink as the ISM Manufacturing PMI fell to 48.5 in May, a third month of falling, adding to the market angst. Adding to market nerves, President Donald Trump’s plan to double steel and aluminium tariffs has heightened trade tensions concerns as the European Union threatened possible countermeasures that could threaten bilateral talks. EUR/USD drifts lower around 1.1420 on technical bounce for US Dollar, down on poor US manufacturing data. Market sentiment takes a hit with rising trade tensions following Trump’s tariff increase. •  EUR/USD declines around 1.1420 after recording more than 0.50% on the last session, pummeled by a rebounding US Dollar. •  US Dollar bounces on technical correction even as weaker-than-anticipated ISM Manufacturing PMI data drops to 48.5 in May. •  European Central Bank’s next interest rate move could be influenced by eurozone HICP inflation data. •  Trade tensions escalate as Donald Trump lays out a plan to double US tariffs on steel and aluminium imports, putting pressure on global markets. •   European Union reacts forcefully, threatening Trump’s tariff increase can derail current trade talks and trigger retaliatory measures. •  US economic worries continue, as stagflationary signs rise as manufacturing production falls for a third consecutive month. •   Traders await US JOLTS Job Openings report later today for additional information on labor market strength and possible USD effect. The foreign exchange market is paying close attention to events in the Eurozone and the United States as significant economic and political events unfold. Traders are looking to the publication of the Eurozone’s Harmonized Index of Consumer Prices (HICP), an important inflation reading that could have implications for European Central Bank policy later on. Meanwhile, the overall market mood is being influenced by the revived trade tensions following former US President Donald Trump’s decision to double import tariffs on steel and aluminum, which was met with strong criticism from the European Union. The EU has threatened that such a move could dash hopes of pending trade negotiations and prompt retaliatory actions, which casts a cloud of uncertainty over the global economic outlook. EUR/USD DAILY PRICE CHART CHART SOURCE: TradingView At the same time, recent US data keeps highlighting issues in manufacturing. The most recent ISM Manufacturing PMI report showed a third month of slowing down, which indicates stress on the industrial part of the economy. In spite of that, the US Dollar has still been able to recover some lost ground as a result of market positioning and technical considerations. In the near future, focus will be on the US JOLTS Job Openings report, which can offer additional insight into the health of the US labor market and inform expectations for future economic trends. TECHNICAL ANALYSIS EUR/USD is immediately met with resistance around the 1.1450 level, an area that corresponds with recent session highs and could limit further upside if bullish pressure diminishes. To the downside, initial support is at 1.1380, where buyers previously intervened, then even firmer support at the 1.1350 handle, which aligns with the 50-day moving average. Momentum indicators such as the Relative Strength Index (RSI) are in the neutral range, predicting a possible consolidation phase unless a clear breakthrough or breakdown happens. Traders will be looking for a sustained breakout above resistance or below strong support to establish the next direction of travel. FORECAST The Euro initially responded well, with EUR/USD increasing more than 0.50% during the last session as investor sentiment improved temporarily. Support from positive momentum came courtesy of expectations regarding the soon-to-be-released Eurozone HICP inflation data that can provide some indication of the European Central Bank’s next policy decision. Moreover, worries of decelerating US economic numbers, such as softer manufacturing data, helped to encourage a more bearish sentiment regarding the US Dollar. These sentiments assisted the Euro to rally during the initial trading session, aided by optimism and positioning within markets. The advances, however, were temporary as the US Dollar recovered owing to a technical reversal, pushing EUR/USD down around the 1.1420 level. The Dollar’s rebound occurred notwithstanding the continued uncertainty over economic softness, such as a third straight monthly drop in US factory output. To add to the bear pressure on the Euro, news of former US President Donald Trump’s plan to raise tariffs on steel and aluminium again fueled trade war fears. Further hammering the sentiment was the European Union’s threat

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Currencies EUR/USD

EUR/USD Tests Key 1.1250 Resistance: Will Bulls Break Descending Channel?

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  • May 20, 2025
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EUR/USD currency pair is testing a crucial resistance level around 1.1250, the upper end of its descending channel, with divergent technical indications. Although the general trend is still bearish due to the ongoing channel pattern, short-term momentum has increased as the pair is above the nine-day EMA and the RSI is sustaining marginally above 50. Initial support at 1.1210 and stronger support at 1.1093, where a break through might expose the pair to further losses. On the other hand, a successful break above 1.1250 might change the outlook to bullish, setting the stage for a rally to the April high at 1.1573. KEY LOOKOUTS • Look for a possible breakout above the resistance of the descending channel. A convincing move higher might change momentum in the bulls’ favor. • A breakdown below this level might indicate dissipating momentum and set off a short-term pullback. • A drop below this region would confirm a bearish continuation and leave the way open toward lower levels at 1.0951 and 1.0840. • The 14-day RSI sitting just above 50 is a principal strength gauge—further upward movement could confirm bullish potential, whereas a slide below might underpin renewed downside pressure. The EUR/USD pair should be watched closely as it challenges the important resistance level of 1.1250, which is the top of its downtrend channel. A breakout above the level may indicate a reversal to the upside, particularly since the pair is trading above the nine-day EMA and the RSI is slightly above 50. Non-breaking may, however, reinforce the current bearish trend, with initial support at 1.1210 and deeper support around 1.1093. A conclusive fall below these levels may open the way for further declines towards 1.0951 and possibly as low as 1.0840 in upcoming sessions. EUR/USD is probing significant resistance at 1.1250, the top of its downtrend channel. A break may mark a bullish reversal, while breakdown can see further downtrend towards support at 1.1210 and 1.1093. •  EUR/USD is probing the upper edge of its falling channel at 1.1250, which is an important resistance point. •  The pair is quoted above the 9-day EMA (1.1210), reflecting short-term positive momentum. •  RSI is still just above 50, reflecting a weak bullish inclination. •  Initial support is at 1.1210, with firmer support at the 50-day EMA around 1.1093. • A fall through 1.1093 could see a further drop towards 1.0951 and the channel’s lower boundary around 1.0840. • Strong buying momentum could take the pair to 1.1573, the April 21 high. • The general trend is still bearish, except in case of a confirmed break above 1.1250. EUR/USD pair remains under the spotlight because it is still a point of concentration in international currency markets. As both the United States and the Eurozone experience important economic events, investors are closely monitoring this significant currency pair for indications of the overall sentiment on the markets. Trends in inflation, interest rate expectations, and geopolitical events are all contributing to the direction of the pair and affecting trading strategies. EUR/USD DAILY PRICE CHART CHART SOURCE: TradingView Market participants are also closely watching economic data from both blocs, such as employment statistics, GDP growth, and central bank statements. These factors not only influence currency valuation but also investor confidence and cross-border capital flows. As the global financial environment continues to develop, the EUR/USD continues to serve as an important gauge of economic equilibrium between the Eurozone and the U.S. economy. TECHNICAL ANALYSIS EUR/USD is now probing a pivotal resistance level of about 1.1250, which is the top line of its downtrend channel. The fact that the pair is trading above the 9-day Exponential Moving Average (EMA) indicates some short-term bullishness, and the fact that the 14-day Relative Strength Index (RSI) is just above the 50 mark indicates a neutral but slightly optimistic market tone. Important support levels to monitor are the 9-day EMA at 1.1210 and the 50-day EMA at 1.1093. A break above the channel resistance could be an indication of trend reversal, whereas a failure to sustain present gains can cause renewed pressure on the downside. FORECAST EUR/USD manages to break above the major resistance level at 1.1250, it can mark the beginning of a bull run. This breakout can draw additional buying interest, which could propel the pair to the next resistance level of 1.1350. A strong push above this level can lead to a journey to 1.1573, which was the April high. Favorable Eurozone economic data or a change in market perceptions on U.S. interest rates could also drive higher. Conversely, a failure to penetrate 1.1250 can lead to fresh selling pressure. The first support is located at 1.1210, close to the 9-day EMA, with higher support at the 50-day EMA at 1.1093. A strong breach through these levels would speed the decline, leaving the pair vulnerable to deeper levels at 1.0951 and possibly towards the lower edge of the descending channel at 1.0840. Poor Eurozone numbers or improved U.S. economic growth might further support the bearish expectations.

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Currencies EUR/USD

EUR/USD Strengthens as Soft US Inflation Data and ECB Optimism Weigh on the US Dollar

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  • May 14, 2025
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EUR/USD currency pair has seen a notable recovery, strengthening towards 1.1250 as soft US inflation data for April weighs on the US Dollar. The Consumer Price Index (CPI) rose at its slowest pace in over four years, prompting criticism from US President Donald Trump, who renewed calls for the Federal Reserve to cut interest rates. In spite of these pressures, the market continues to look for the Fed to keep its existing rates throughout the summer. In the meantime, the Euro performs ahead of its group with increasing confidence in its status as a reserve currency and hopes regarding the European Central Bank’s ability to make further rate cuts. The couple’s upbeat momentum is bolstered by both the abating US inflation and rising demand for the Euro in the face of a short-lived trade truce between the US and China. While investors wait for significant economic data, such as US Retail Sales and PPI, the EUR/USD continues in a bullish trajectory, with resistance at 1.1425 and support at 1.0950. KEY LOOKOUTS • The gentle April CPI reading has placed pressure on the US Dollar, and there are demands for the Federal Reserve to lower interest rates. Additional weak inflation readings or comments by Fed Chair Powell would shape market expectations and affect the USD. • ECB officials continue to point towards future rate cuts, particularly as Eurozone inflation is soft. Any message from the ECB regarding upcoming monetary policy has the potential to harden the Euro and push EUR/USD trends. • The temporary respite between the US and China has lowered the risks of trade war, but any news in US-EU trade relations or any new announcements of trade policy will lead to currency pair volatility. • The EUR/USD has bounced back above its 20-day EMA and displays a bullish bias, with the RSI pointing towards upside. Breakout above key resistance levels (1.1425) or inability to hold above support (1.0950) will be decisive in determining the pair’s direction. EUR/USD currency pair has registered robust rebound, supported by weak US inflation reading for April and the rising probability of additional interest rate reductions by the European Central Bank (ECB). With the weakening of the US Dollar after the release of the lowest CPI growth in more than four years, President Trump’s attack on the Federal Reserve for failing to reduce rates puts extra pressure on the greenback. In the meantime, the Euro is helped by both its increasing status as a reserve currency and the dovish policy of the ECB, with policymakers signaling another rate reduction before summer ends. Geopolitics, including the US-China trade truce, remain a factor in influencing the market, while technical analysis indicates a bullish trend for the EUR/USD pair, with key resistance at 1.1425 and support at 1.0950. As the traders wait for important economic releases, such as US Retail Sales and PPI data, sentiment in the market will remain precarious, determining the future course of the currency pair. The EUR/USD currency pair gains strength as weak US inflation figures weigh down the US Dollar, with prospects of additional rate cuts by the European Central Bank. Technical charts are bearish, with a resistance level of 1.1425 and support level of 1.0950, with market players waiting for major US economic releases as well as geopolitical events. • April’s CPI figures reported the lowest inflation in more than four years, damping the US Dollar and stoking hopes for possible rate cuts from the Federal Reserve. • President Trump once again urged the Fed to cut interest rates, invoking weakening inflation and economic conditions that in his view require easier money policy. • European Central Bank officials such as Francois Villeroy de Galhau have signaled the potential for another rate cut prior to the summer, which would further prop up the Euro. • The Euro has beaten most of its major peers, fueled by growing confidence in its status as a reserve currency and dovish ECB policy. • A temporary trade ceasefire between the US and China has eased fears of a full-blown trade war, supporting some market sentiment. • The EUR/USD currency pair has rebounded above its 20-day EMA and is displaying bullish momentum, with the Relative Strength Index (RSI) indicating further potential upside. • The market is waiting for crucial US numbers, such as Retail Sales and PPI, which might have an impact on the expectations of future policy from the Fed and on the EUR/USD pair. EUR/USD pair has been picking up momentum after the release of weak US inflation numbers for April, and this has weakened the US Dollar. The April Consumer Price Index (CPI) increased by only 2.3%, its weakest rate in more than four years, leading US President Trump to again urge the Federal Reserve to lower interest rates. With inflation indications of weakening, market participants are now turning to the chances of a more dovish Federal Reserve policy, although traders are still mostly anticipating the Fed to hold interest rates all the way to the summer. EUR/USD DAILY PRICE CHART CHART SOURCE: TradingView The Euro, meanwhile, has been taking advantage of its growing status as a reserve currency and the European Central Bank’s persistent dovish bias. ECB policymakers have suggested that they can make another interest rate cut before summer is out, which has bolstered the Euro against other currencies. At the same time, geopolitical events such as the recent US-China trade truce have relaxed global trade tensions, adding to bullish sentiment for the Euro. With growing optimism over the economic strength of the Eurozone, market players are looking to key economic data releases over the next few days for more signals on the EUR/USD pair’s direction. TECHNICAL ANALYSIS EUR/USD pair has experienced a robust comeback, recently crossing its 20-day Exponential Moving Average (EMA) of approximately 1.1220, indicating a trend reversal towards a bullish move. The duo’s bullish momentum is backed by the Relative Strength Index (RSI), which has recovered from a reading of 40, suggesting that buying pressure is increasing. Important

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