EUR/USD has continued to enjoy pockets of support on the back of negative USD swings. Economists at ING analyze the pair’s outlook. Idiosyncratic supp
ort remains limited The Euro still appears to be lacking the strong idiosyncratic bullish narrative that can drive the pair sustainably above into the 1.0650/1.0700 range.
Markets will likely await cues from the European Central Bank next week, and a few more data out of the Eurozone, but the chances of a rapid upturn in Euro bullish momentum aren’t too high. This means that EUR/USD should remain almost entirely driven by the USD leg for now. More swings within the 1.05/1.06 range may remain the norm for now, but we see the balance of risks as slightly tilted to the downside.
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.
US Dollar Outlook After Powell: GBP/USD, AUD/USD, EUR/USD Price ActionUSD continues to be well bid after Powell stopped short of hinting that US interest rates have peaked. What does Powell’s comments mean for EUR/USD, GBP/USD, and AUD/USD?
Read more »
US Dollar Setups: EUR/USD Battles Channel Resistance while USD/JPY Stays PutThis article takes a detailed look at EUR/USD and USD/JPY’s prospects, analyzing important technical levels that may come into play and trigger notable price responses in the days ahead.
Read more »
EUR/USD remains depressed below 1.0600 mark amid a modest USD strengthThe EUR/USD pair edges lower during the Asian session on Friday and moves away from a one-week high, around the 1.0615 region touched the previous day
Read more »
EUR/USD Price Analysis: Seems vulnerable below mid-1.0500s amid bullish USDThe EUR/USD pair struggles to gain any meaningful traction on Thursday and oscillates in a narrow band below mid-1.0500s through the Asian session. Th
Read more »
EUR/USD Forecast: Caution keeping the pair range-boundThe EUR/USD pair trades around 1.0550 early in the American session, easing for a second consecutive day from the 1.0590 price zone. Escalating tensi
Read more »
EUR/USD Price Analysis: Extra losses target the 1.0500 regionEUR/USD sets aside part of the positive first half of the week and revisits the 1.0550 region on Wednesday. In case sellers regain the upper hand, the
Read more »