EUR/USD moves downward after recent gains, hovering below 1.
EUR/USD reverses the recent gains ahead of the Fed policy decision.
line lies above the signal line; suggesting a potential shift in momentum. A firm break above the 50-day EMA at 1.0654 could revisit October’s low. 0600 during the Asian session on Tuesday. The pair could receive support near the psychological level at 1.0550, followed by the previous week's low at 1.0521. A firm break below the latter could open the doors for the EUR/USD pair to navigate the area around the key level at 1.0500.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD Price Analysis: Seems vulnerable near mid-1.0500s, bearish flag pattern spottedThe EUR/USD pair struggles to gain any meaningful traction on Monday and remains confined in a narrow trading band, just above mid-1.0500s through the
Read more »
EUR/USD Price Analysis: Downside pressure should alleviate above 1.0700- EUR/USD regains the smile and briefly surpasses the 1.0600 barrier.
Read more »
EUR/USD Forecast: Buyers hesitate as Euro stays below key resistance levelsEUR/USD climbed toward 1.0600 ahead of the weekend but lost its bullish momentum to close virtually unchanged on Friday. Early Monday, the pair moves
Read more »
EUR/USD at risk of fresh decline, Gold breaks $2KLooking at the 4-hour chart, the pair broke a key bullish trend line with support near 1.0585. There was a spike below the 100 simple moving average (
Read more »
EUR/USD: Further range bound trade looks likelyUOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia suggest EUR/USD faces extra consolidation in the near term. Key Quot
Read more »
EUR/USD attracts some sellers around 1.0550 ahead of the German GDP, CPI dataThe EUR/USD pair posts losses during the early Asian trading hours on Monday. In the busy week in terms of economic data release, traders will take cu
Read more »