EUR/USD Forecast: Bears persist, prepare to challenge 1.0600

EUR/USD Current price: 1.0633 The Eurozone confirmed annual inflation stood at 2.4% YoY in March. Fed officials and ECB President Lagarde's speeches stand out in the American session. EUR/USD trades with modest intraday gains, but sellers hold the grip. The US Dollar posts modest intraday losses against major rivals as stock markets changed course and hold in the green. On the one hand, it seems that market participants have digested that rate cuts are nowhere near in the United States .

4%, as previously estimated, and the core annual reading at 2.9%. The American session will feature speeches from several Federal Reserve officials, as well as a speech from the European Central Bank President Christine Lagarde. EUR/USD short-term technical outlook The daily chart for the EUR/USD pair shows a limited bullish potential. The pair keeps trading far below bearish moving averages, with the 20 Simple Moving Average accelerating south below the longer ones.

Source: News Formal (newsformal.com)

Recommended Fed ECB Inflation

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 Forecast: Bears take their chances as Fed’s decision loomsThe US Dollar trades with a firmer tone ahead of Wall Street’s opening, resulting in EUR/USD hovering near the weekly low at 1.0834.
Source: FXStreetNews - 🏆 14. / 72 Read more »

EUR/USD Forecast: Bears lead in thin market conditionsThe EUR/USD pair trades uneventfully in a holiday-thinned session, hovering around the 1.0780 level.
Source: FXStreetNews - 🏆 14. / 72 Read more »

EUR/USD Forecast: Bears looking to test the 1.0700 regionThe EUR/USD pair fell on Monday to 1.0730, its lowest since mid-February.
Source: FXStreetNews - 🏆 14. / 72 Read more »

EUR/USD Forecast: Bears retain control, looking for sub-1.0600 levelsThe EUR/USD pair recovered modestly from 1.0621, the fresh 2024 low set last week, but resumed its decline ahead of Wall Street’s opening, now hovering in the 1.0630 price zone.
Source: FXStreetNews - 🏆 14. / 72 Read more »

EUR/USD Forecast: Euro needs to stabilize above 1.0800 to stage a reboundEUR/USD moves up and down in a very narrow band slightly below 1.0800 on Monday after closing the previous week marginally lower.
Source: FXStreetNews - 🏆 14. / 72 Read more »

EUR/USD Forecast: Euro could test 1.0700 next unless it reclaims 1.0760EUR/USD came under bearish pressure in the American session on Monday and dropped to its lowest level since mid-February below 1.0750.
Source: FXStreetNews - 🏆 14. / 72 Read more »