EUR/USD Forecast

The Euro continues to try to rally against the US dollar, but at this point in time, it's likely that the market continues to see selling pressure just above. And quite frankly, this has been a very lackluster week for the Euro. We are approaching an area that I think we have to make a decision with the uptrend line that’s coming into the picture. The 50-day EMA sitting just below the current area offers a bit of support as well. So, I'm paying close attention to this. The euro is going to have to basically put up or shut up pretty soon with threats against the U S dollar. One thing is for sure that since we have seen the FOMC press conference or the statement, you know, we just, we've seen the market do nothing but fall since then.

Euro remains volatile, capped by 1.18 resistance. Support lies at the 50-day EMA and trendline; breaks lower could expose 1.16–1.14, while bulls eye 1.19–1.20.

The Euro has initially rallied against the US dollar during the trading session here on Wednesday but then gave back a bit of the gains to turn around and show a massive shooting star by the time the Americans fully have the market in their hands. The 1.18 level continues to be a major barrier to overcome that we just really haven't seen happen yet. So, with that being the case, I think you have to look at this through the prism of a market that given enough time, we'll have to make a bigger decision. And to me, it looks like we are running out of momentum. If we fall from here, it's likely that we could go looking at the 50 day EMA. The 50 day EMA offer support, but breaking down below there, then opens up the possibility of an uptrend line coming into the picture for support. Beyond that, then we have the 1.16 level.

The euro has rallied against the US dollar But it's continuing to struggle with hanging on the gains at this point it's very interesting to see how things have played out because the Federal Reserve cut interest rates and That was the top of the euro against the US dollar at least so far with that being the case it does look like we are trying to change the structure of this market, but I also recognize that we've got a lot of noise ahead of us in the form of the non-farm payroll announcement on Friday. So, it'll be interesting to see how this plays out. The JOLTS Jobs Openings number came out during the Wednesday session, which was rather poor. And while that originally sent the U S dollar lower, the reality is that if the United States starts to slow down, it will have a negative influence on Europe and other places like that. Let us not forget that the Federal Reserve cutting rates is a known thing. There's nothing surprising about it. And even if they do cut rates, you have to wonder if the economic slowdown is starting to become a bigger problem. If it is, then you've got a real situation where the U.S. dollar ends up being eventually preferred over most other currencies as U.S. Treasuries will continue to attract inflows.

The EUR/USD is consolidating in narrow ranges, with traders awaiting Eurozone CPI and US labor data, as signals highlight fragile euro strength and key support at 1.1600.

The euro rose modestly against the US dollar on Monday but remains neutral, with 1.16 as key support and 1.18–1.20 as critical resistance.

The euro trades near 1.1680 with bearish momentum, as traders watch US jobs data and key 1.1645–1.1590 support for the next move.

The Euro is bouncing from key support near its 50-day EMA, with 1.18 resistance in focus, while a drop below 1.16 risks a deeper bearish turn.

EUR/USD declines toward 1.16 support, with traders watching closely as the U.S. dollar regains strength and risks a major shift in trend if support fails.

The EUR/USD pair faces renewed selling pressure near 1.1728, with weak German data and Fed caution weighing ahead of key US GDP and inflation releases.

The euro dropped toward 1.1725 on Wednesday as the Fed’s cautious tone supported the US dollar, leaving EUR/USD range-bound under 1.19 resistance.

the EUR/USD pair is trying to hold steady at and above the 1.1800 resistance level, even with recent confirmations about the future path of US interest rate cuts.

The euro rallied a bit during the trading session on Monday, testing the crucial 1.18 level. The 1.18 level is an area that I think a lot of people are paying close attention to, due to the fact that it had previously been major resistance, and now the standing that eventually we end up finding potential support in this area. With that being said, it’s interesting to see that we broke below that level and then turned around to go looking at the 1.18 level.

The Euro has fallen a bit during the early hours on Friday, but we are starting to see a little bit of buying as the Americans come on board. After all, nobody likes selling the US dollar more than Wall Street, so that's not a huge surprise. At this point, we are below the 1.18 level, which is a major area of previous resistance that did not hold its support so far.

The euro failed to extend gains on Thursday, holding near 1.18 as traders weigh the Fed’s rate cut and await confirmation of a breakout toward 1.20 or a return to consolidation.