The euro rallied Tuesday on growing Fed rate cut expectations, but technical resistance near 1.17 and support at 1.14 suggest the EUR/USD remains vulnerable to reversals.
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The EUR/USD pair is highly recommended for traders who are only beginning to trade Forex. It trades easily by retail traders as well as by Central banks and financial institutions around the world.
The most active trading sessions takes place in London and New York and the most commonly used EUR/USD Forex charts are the Daily, 4 Hour and 1 Hour charts. The traders at Daily Forex will post the latest Euro to US dollar forecasts and will keep you totally updated regarding EUR/USD trading.
EUR/USD receives additional interest from volume generated by the Euro-crosses (e.g. euro/British pound (EUR/GBP), EUR/CHF and EUR/JPY. This interest tends to be contrary to the underlying U.S. dollar direction, making it an attractive market for short-term traders.
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EUR/USD holds in a tight bearish range as traders await pivotal US economic data, with a breakout likely depending on inflation and retail sales figures.
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The Euro continues to face selling pressure near 1.16, with fading rallies and overhead resistance pointing to a possible move toward 1.14 or even 1.11 if support fails.
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EUR/USD continues to struggle below 1.16 as bearish momentum builds, with traders eyeing key support at 1.1470 and awaiting economic signals from both sides of the Atlantic.
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The Euro failed to hold Friday’s bounce against the U.S. Dollar, with persistent selling pressure and strong resistance pointing to a potential breakdown below 1.14.
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The euro slipped against the US dollar but found support near 1.15. Short-term rallies face resistance from the 50-day EMA and a downtrend line, while broader pressure favors the dollar. A deeper breakdown targets 1.14 and potentially 1.11.
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EUR/USD continues to face heavy selling pressure, reinforcing the broader downtrend that has dominated recent months. With rate-cut expectations softening and technical levels weakening, the pair appears vulnerable to a move toward 1.14 and potentially 1.11 unless it can reclaim higher resistance.
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EUR/USD continues to consolidate around 1.1586 ahead of critical Eurozone inflation and U.S. Fed minutes, with markets poised for a breakout from its recent tight range.
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EUR/USD remains under bearish pressure after breaking key trend support, with downside targets near 1.14 and potentially 1.11 amid persistent US dollar strength.
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EUR/USD remains range-bound near 1.1620 as traders weigh fading bullish momentum against uncertainty over upcoming Fed rate decisions.
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The euro climbed slightly on Thursday but remains in a volatile range, with continued downside risk toward 1.14 unless a breakout above 1.17 occurs.
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EUR/USD continues to trade within a bearish trend below key resistance levels, with technical indicators suggesting a potential drop toward 1.1400 amid ongoing uncertainty.
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The Euro traded choppily on Wednesday as stronger U.S. yields offset Fed rate cuts, leaving EUR/USD stuck in a range with potential targets at 1.14 or 1.17.
Technical Analysis
EUR/USD remains under bearish pressure near 1.1585 as traders await key comments from Fed officials and German inflation data, with 1.1500 as a critical support level.
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The euro failed to hold Monday gains against the U.S. dollar, forming a bearish shooting star and signaling a likely decline toward 1.14 amid growing dollar strength.
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