EURUSD will likely be the most volatile currency pair into the weekend with economic data from Germany and the US. EURUSD – Weekly Chart The price of the EURUSD exchange rate is hovering above the resistance at 1.1150. The next target to the upside would be at 1.1277. Investors could wait for confirmation on a…
What is EUR/USD EURUSD is the exchange rate value of one euro to US dollars. It indicates how many US dollars (USD) are needed to purchase one euro (EUR). For example, if the EUR/USD rate is 1.50, it means that 1 euro can be exchanged for 1.50 US dollars. EURUSD pair is the most traded…
The US central bank cut interest rates by 50 basis points on Wednesday but did not create volatility for the EURUSD exchange rate. EURUSD – Daily Chart The price of EURUSD was trading at the 1.1140 level where there is some resistance ahead of the larger 1.1277 barrier. There are supports at 1.10 and 1.06…
The EURUSD exchange rate awaits a pivotal US Federal Open Market Committee meeting. EURUSD – Daily Chart The EURUSD exchange rate is trading at 1.1255 with resistance above 1.1392. Support comes in below 1.0963 and that is creating a breakout zone for further upside or downside. EURUSD has economic data on Tuesday with retail sales…
The euro slipped below the 1.1100 level against the dollar on Monday as growing expectations of a European Central Bank (ECB) interest rate cut weighed on the currency. The EUR/USD pair fell 0.44%, ending the day at 1.1036, as investors increasingly expect the ECB to lower rates by 25 basis points at its September 12 meeting. The…
