💶 $EURUSD started the week on a bearish note and touched its lowest level in 10 days below 1.0930 before staging a modest rebound. 🔎 Read more about the Euro here!
Resurfacing fears over a deepening crisis in China property sector and its potential negative impact on the global economy caused investors to seek refuge in the Asian trading hours on Monday. After staying in negative territory earlier in the day, however, US stock index futures turned flat in the European morning, helping EUR/USD find support.will not be featuring any data releases that could impact EUR/USD action later in the day.
Meanwhile, Bloomberg reported earlier in the day that the results of a recently conducted survey showed that economists expect the European Central Bank to raise key rates one more time in September. Nevertheless, this headline had little to no impact on the Euro's valuation. EUR/USD continues to trade below the 20-period and the 50-period Simple Moving Averages and the Relative Strength Index indicator stays below 50, reflecting a lack of buyer interest.
If EUR/USD fails to reclaim 1.0960, sellers could look to retain control. In that scenario, 1.0920 , 1.0900 and 1.0860 could be set as next bearish targets.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
EUR/USD Forecast: Euro needs to clear 1.1020 hurdle to attract bulls💶 $EURUSD climbed to its highest level in two weeks above 1.1060 on Thursday but failed to preserve its bullish momentum. Read more about the Euro here! 👇
Les mer »
EUR/USD: Weekly Forecast 23rd July - 29th JulyThe ability of the EUR/USD to reach a high of nearly 1.12760 last Tuesday touched a value not seen since late February of 2022.
Les mer »
Weekly Forex Forecast \u2013 NASDAQ 100 Index, EUR/USD, USD/JPYThe difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose to trade each week and in which
Les mer »
EUR/USD Forecast: Showing Signs of RecoveryThe euro displayed a mild rally during Wednesday\u0027s trading session as market participants eagerly awaited the Federal Reserve\u0027s announcement later in the day.
Les mer »
EUR/USD Forecast: Faces Uncertainty Amid ECB\u0027s Interest RatDuring the Thursday trading session, the focus is firmly set on the European Central Bank (ECB) as rumors of an interest rate hike circulate in the financial ma
Les mer »
EUR/USD: Weekly Forecast 30th July - 5th AugustThe $EURUSD finished last week of trading within sight of lows, after economic data from the U.S. caused a firestorm of activity in Forex.
Les mer »