EUR/USD drops below 1.0900 as the US Dollar rebounds after many Fed officials vow to maintain interest rates at their current levels for longer. Fed policymakers see one good inflation report as insufficient to change the trend. ECB ’s Schnabel also highlighted risks from premature interest-rate cuts. EUR/USD drops to 1.
Technical Analysis: EUR/USD sets to test triangle breakout region EUR/USD is gradually declining towards the breakout region of the Symmetrical Triangle formation, which is around 1.0830. The near-term outlook of the major currency pair remains bullish as a breakout of a triangle formation results in heavy buying volume and wider ticks. The shared currency pair seems well-established above the 50-day and 200-day Exponential Moving Averages , which trade around 1.0780 and 1.0788, respectively.
Source: News Formal (newsformal.com)
ECB Fed Inflation SEO
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD extends its downside below 1.0650 on hawkish Fed remarksThe EUR/USD pair extends its downside around 1.0640 after retreating from weekly peaks of 1.0690 on Friday during the early Asian session.
Source: FXStreetNews - 🏆 14. / 72 Read more »
EUR/USD Forecast: Reaching five-month lows as Fed-ECB policy divergence weighsEUR/USD managed to counter a poor start of the week and reverse course despite the European currency slipping back to the 1.0600 key support against the US Dollar (USD), or five-month lows.
Source: FXStreetNews - 🏆 14. / 72 Read more »
EUR/USD falls back amid uncertainty ahead of Eurozone data, Fed policyThe EUR/USD pair struggles to sustain above the round-level resistance of 1.0700 in Monday’s European session.
Source: FXStreetNews - 🏆 14. / 72 Read more »
US Dollar Tanks Ahead of Fed Verdict, NFP Data - EUR/USD, GBP/USD, USD/CADThis article explores the fundamental and the technical outlook for the U.S. dollar, zeroing in on three popular and very liquid pairs: EUR/USD, GBP/USD and USD/CAD.
Source: DailyFX - 🏆 305. / 63 Read more »
EUR/USD Forecast: US Dollar advances as markets anticipate a hawkish FedThe EUR/USD pair keeps trading within familiar levels around the 1.0700 mark as market players refrain from placing strong bets ahead of first-tier United States (US) events.
Source: FXStreetNews - 🏆 14. / 72 Read more »
EUR/USD drops to near 1.0650 ahead of Fed policyEUR/USD continues its decline for the second consecutive day, hovering around 1.0650 during Asian trading hours on Wednesday.
Source: FXStreetNews - 🏆 14. / 72 Read more »