As of the Asian session on Wednesday, the currency pair is trading in negative territory, hovering around 1.1047. This slight decline is occurring amidst a period of consolidation for the Greenback. Market participants are closely watching for...
The price is trading near the lowest trading price of the previous week and below the weekly pivot level, but so far, it is trying to move toward further decline. The next trend can be determined by watching the price behavior, as the price may form...
During the week, EUR/USD prices rose sharply, breaking above the mid-upper range and past the 50-day simple moving average at 1.0845. The US dollar index will drop in early trading and continue to trade below 1.0880; if this level is broken, the...
The euro lingered just above the 1.0845 level, entering a consolidation phase against the U.S. dollar. This sharp decline on Friday wiped out the progress made since the European Central Bank meeting earlier in the week. The euro's ongoing struggle...
The Pound Sterling finds temporary support near 1.3100 against the US Dollar as the Greenback corrects slightly. Investors see the Fed reducing interest rates this month but are split over the size of the potential rate cut. The BoE’s policy-easing...