The Weakening of the Dollar Creates an Uptrend in the EUR/USD Pair
The weakening of the dollar persists in response to the perceived dovish stance of the Federal Reserve's interest rate decision and subsequent communication.
Read MoreThe weakening of the dollar persists in response to the perceived dovish stance of the Federal Reserve's interest rate decision and subsequent communication.
Read MoreAfter Powell’s dovish expression, the pair appreciates an improved risk appetite to the level 1.0732 level.
Read MoreAfter hitting a peak at 1.0750 last week, the currency pair is now trading nearly 100 pips below that peak today.
Read MoreYesterday, the EUR/USD forex pair encountered some selling pressure after the release of German inflation data but managed to recover before the session ended.
Read MoreThe currency pair, which failed to hold above the 1.0740 resistance level on Friday, initiated an uptrend with a rebound from the 1.0670-1.0675 range.
Read MoreFollowing the release of US unemployment and growth data yesterday, the EUR/USD pair faced sharp selling pressure within the mentioned range of 1.0730-1.0740 but quickly rebounded.
Read MoreAhead of today's US growth data release, the EURUSD pair opened the day on a positive note.
Read MoreAhead of this week's growth and inflation data releases in the US, we've observed a roughly 90-pip rally in the EUR/USD pair following a correction from the weekly gap level in the dollar index.
Read MoreThe pair is being monitored with the resistance zone at 1.0690/1.0700.
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