· Risk-aversion lifted low-yielding EUR, despite the broad US Dollar strength. · The US labor market continues to grow and adding 428K jobs to the economy. · price forecast for EUR/USD: The long-term is it is a downward bias, however the chart for 1 hour depicts the pair as neutral upwards. The EUR/USD has trimmed some of...
After suffering significant losses and plummeting to its worst level in more than two years at 1.0757 on Thursday as a result of the European Central Bank's inactivity, the EUR/USD pair has staged a minor comeback. After becoming more muted on Easter Friday, the pair is trading sideways just over the 1.0800 barrier, just above the previous day's high. In the short term, the EUR/USD is confronting immediate support around 1.0800. (psyc...
· Higher US inflation may force the Fed to paddle interest rates quickly. · EUR/USD has tumbled below 1.0900 amid uncertainty over the release of the US CPI. · The ECB will announce its monetary policy later this week. After falling below 1.0900 on Monday, the EUR/USD pair has taken a significant step down. After Russian ...
