Check out today's EURUSD Technical Analysis-
The single European currency rose against most other major currencies, including the broadly stronger dollar on Tuesday after simultaneous losses in stock and bond markets around the world stumbled to an earlier rally near technical resistance near the 1.10 resistance during the opening session of the week.
Dollar prices had previously fallen as euro pairs gained after Friday's latest non-farm payrolls report indicated that overall employment growth in the United States eased further last month, while also indicating that average wage growth rates remained near high levels. While the eurozone economy is likely to stagnate to recall 2023, buoyed by continued rising demand for services, we expect the manufacturing-heavy German economy to ease into a moderate recession in the second half of 2023.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD Technical Analysis: The Bearish Trend is Still ValidThe US dollar weakens after pessimistic US non-farm payroll data, increasing the chances of a US interest rate hike and reducing recession risks.
Read more »
EUR/USD Price Analysis: Euro recovers within nearby triangle below 1.1000 amid looming Italy tax woesEUR/USD consolidates weekly losses amid Wednesday’s sluggish morning in Europe. In doing so, the Euro pair licks its wounds within a two-month-old symmetrical triangle. EUR/USD prints the first daily gains in three within two-month-old symmetrical triangle. China-linked data, news favored Euro pair’s corrective as US Dollar braces for inflation data. Upbeat RSI (14) line may help EUR/USD to extend recent rebound bears remain hopeful below 200-SMA. EUR/USD consolidates weekly losses amid Wednesday’s sluggish morning in Europe.
Read more »
EUR/USD Price Analysis: Next target emerges at 1.1150EUR/USD trims earlier losses and now flirts once again with the key 1.1000 region on Monday. Further gains in the pair should meet the next hurdle at
Read more »
EUR/USD Price Analysis: Further losses likely below 1.0912EUR/USD extends the downward bias to new weekly lows near 1.0930 on Tuesday. In case losses accelerate, spot should face interim contention at the 55-
Read more »
EUR/USD Forex Signal: More Downside Amid a Risk-Off SentimentThe EUR/USD exchange rate continued falling as concerns about the American economy continued. The pair dropped to a low of 1.0928 on Tuesday as US stock indices like Dow Jones and Nasdaq 100 indices dropped by more than 1%. Safe-haven demand The EUR/USD pair retreated as the US dollar index (DXY) jumped on Tuesday. This happened as concerns about the US banking sector continued. Moody’s, one of the biggest credit rating agencies, downgraded some of the biggest regional banks.
Read more »
EUR/USD: Phase of decline to deepen on failure to defend 1.0900/1.0830 – SocGenEconomists at Société Générale analyze EUR/USD technical outlook. Defense of trend line support near 1.0900/1.0830 could trigger rebound EUR/USD has e
Read more »