24-hour view: “EUR plummeted to 1.0032 yesterday before closing on a weak note at 1.0039 . Strong downward momentum suggests EUR could break the critical support at 1.0000. That said, in view of the deeply oversold conditions, EUR may not be able to maintain a foothold below this level . Resistance is at 1.0095 followed by 1.0130.”
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EUR/USD rebounds modestly from 1.0000, downside looks likely on risk-off moodThe EUR/USD pair has picked bids after hitting a low much closer to the psychological support of 1.0000 in the Asian session. Earlier, the asset slipp
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EUR/USD: Energy supply disruption to drag the pair below parity – MUFGThe EUR has declined by a further -2.1% against the USD over the past week as the pair moves closer to parity for the first time since November 2002. I thought the Euro coin was a condom at first.
Source: FXStreetNews - 🏆 14. / 72 Read more »
EUR/USD Forex Signal: Brief Comeback to 1.0300 LikelyThe EUR/USD pair moved back slightly after the latest American jobs data that were published on Friday.
Source: Daily_Forex - 🏆 567. / 51 Read more »
EUR/USD Slumps and Flirts with Parity on EU Energy Crisis; US Inflation Data EyedEUR/USD sinks on Monday, hitting lowest levels in nearly two decades and flirting with parity. Fears that Russia may indefinitely shut down gas supplies to the EU and inflation in the US, are the main drivers.
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EUR/USD could easily dip below parity on a delay to resumption of gas supplies – CommerzbankThe eyes of all of Europe are on a pipeline. Economists at Commerzbank expect the EUR/USD to push lower if there is a ‘technical’ delay to the resumpt
Source: FXStreetNews - 🏆 14. / 72 Read more »