Chat with us, powered by LiveChatEUR/USD Slips on Dovish ECB, Hawkish Fed

EUR/USD Slips on Dovish ECB, Hawkish Fed

EUR/USD Slips on Dovish ECB, Hawkish Fed

EUR/USD Slips on Dovish ECB, Hawkish Fed

The EUR/USD pair found resistance at 1.0660 where the bearish outlook continues with the next target set at the 1.0500 area. The ECB's potential rate cut in June, prompted by recent CPI data and ECB member's speeches, contrasts with the Fed's possibly hawkish stance and the likelihood of a delayed rate cut in September as inflation rebounds.

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

1.0950

1.0870

1.0800

1.0700

1.0660

1.0500

This site uses cookies

This website uses cookies to enhance your browsing experience. By continuing to use this site, you consent to the use of cookies. To learn more about how we use cookies and how you can manage them, please review our Privacy Policy.

LOADING...