EUR/USD is trading over a tenth of a percent higher in the mid 1.0800s on Tuesday, in line with broader US Dollar (USD) selling.
EUR/USD continues its bounce higher as traders take profit after last week’s volatile sell-off. The divergence between Federal Reserve and European Central Bank speakers suggests future weakness is possible. US Durable Goods Orders are the main release for the pair on Tuesday. EUR/USD is trading over a tenth of a percent higher in the mid 1.0800s on Tuesday, in line with broader US Dollar selling.
Technical Analysis: EUR/USD pulls back in short-term downtrend EUR/USD continues to labor higher on Tuesday after bouncing off the lows of the wave B of the three-wave Measured Move pattern that unfolded higher during February and early March. The current recovery looks like a pullback in an established short-term downtrend with eventual weakness likely to resume. Euro versus US Dollar: 4-hour chart A decisive break below the B-wave lows at roughly 1.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD finds floor in 1.0800s as Fed meeting slides into viewEUR/USD has taken a step lower and is now trading within a new range in the 1.0800s following last week’s warmer-than-expected US inflation data, which increased the probability the Federal Reserve (Fed) will need to keep interest rates higher for longer.
Read more »
EUR/USD remains under pressure above the mid-1.0800s, Fed rate decision eyedThe EUR/USD pair edges lower to multi-day lows around 1.0870 on the firmer US Dollar (USD) during the early Asian session on Tuesday.
Read more »
EUR/USD flat-lines above the mid-1.0800s, all eyes on Fed rate decisionThe EUR/USD pair trades on a flat note above the mid-1.0800s during the early Asian session on Wednesday.
Read more »
EUR/USD Price Analysis: Holds steady above mid-1.0800s, lacks follow-through ahead of FedThe EUR/USD pair edges higher during the Asian session on Wednesday and for now, seems to have snapped a two-day losing streak to a nearly two-week low, around the 1.0835 region touched the previous day.
Read more »
EUR/USD struggles for a firm intraday direction, stuck in a range below mid-1.0800sThe EUR/USD pair struggles to capitalize on the previous day's goodish rebound from the 1.0800 mark, or a three-week low and oscillates in a narrow range during the Asian session on Tuesday.
Read more »
EUR/USD nudges closer to 200-DMA amid weak US DollarThe Euro paired some of its Friday losses against the US Dollar, though it remains shy of reclaiming the 200-day moving average (DMA) at 1.0839.
Read more »