After failing to extend gains beyond the 1.0750 region, the EUR/USD pair eased on Thursday, falling to an intraday low of 1.0712 posted during European trading hours.
EUR/USD Current price: 1.0721 ECB policymaker Klass Knot hinted at more rate cuts before year end. Dismal United States data limits US Dollar strength ahead of Wall Street’s opening. The EUR/USD pair is in retreat mode after failing to overcome the 1.0750 price zone. Nevertheless, financial markets seem to be in a good mood, limiting US Dollar strength. Asian and European indexes trade in the green, underpinning Wall Street ahead of the opening.
Finally, the Philadelphia Fed Manufacturing Survey printed at 1.3 in June, down from the previous 4.5 and worse than the 5 anticipated. Later in the session, the European Commission will release the preliminary estimate of the June Consumer Confidence index. EUR/USD short-term technical outlook From a technical point of view, EUR/USD has room to extend its slide.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
EUR/USD Forecast: EUR/USD holds in range after a disappointing US ADP surveyFinancial markets were mostly quiet throughout the first half of the day, with the US Dollar achieving modest intraday gains amid prevalent caution.
Lire la suite »
EUR/USD Forecast: Sellers take action as Euro pierces through key support areaEUR/USD started the new week with a bearish gap and slumped to its weakest level in a month below 1.0750.
Lire la suite »
EUR/USD Forecast: Euro sellers could take action if 1.0800 support failsAfter rising above 1.0850 during the European trading hours on Thursday, EUR/USD reversed its direction and fell toward 1.0820, closing the fourth consecutive day in negative territory.
Lire la suite »
EUR/USD Forecast: Sellers about to retake controlThe EUR/USD pair trades around the 1.0800 mark ahead of Wall Street’s opening and after peaking at 1.0851 in the previous American session.
Lire la suite »
EUR/USD Forecast: Extra losses are likely as bears remain in controlThe US Dollar (USD) resumed its bullish stance on Thursday, rapidly leaving behind the post-CPI sell-off seen on Wednesday and regaining balance amidst the prospects of just one interest rate cut by the Federal Reserve (Fed) this year, with December being the most likely candidate.
Lire la suite »
EUR/USD Forecast: Buyers could look to retain control while 1.0800 holds as supportEUR/USD turned north in the early American session on Wednesday and climbed above 1.0850.
Lire la suite »