Euro

EUR/USD has cooled from the earlier March breakout, but bulls haven’t waved the white flag yet and today’s FOMC rate decision brings the potential for volatility.

EUR/USD daily RSI is making a move out of overbought territory following a historic run in the pair, but there’s a plethora of support that bears would need to chew through to take control.

The EUR/USD pair initially reacted to the NFP release with a 0.8% upward move, adding to the more than 4% appreciation seen over the last five trading sessions.

A global bond sell-off extended its run, driven by Germany’s ambitious spending plans, which are poised to reshape the eurozone’s economic outlook and has already had a sizeable impact on the euro forecast, lifting pairs such as the EUR/USD and EUR/CHF. The focus is now turning to the upcoming rate decision from the European Central Bank, before attention shifts to US labour market data as we head to the business end of the week

The European Central Bank is widely expected to cut rates again, but that hasn’t stopped Euro bulls from driving the 2nd strongest weekly outlay against the USD in more than the past decade. This seems to be a USD story though.

EUR/USD saw a fast pullback appear when President Trump announced 25% tariffs are on the way. But questions remain, and EUR/USD retains bullish structure as month-end nears.

It’s been a recovery for EUR/USD so far in February but there’s still the rest of this week left. Can bulls finally leave behind the 1.0500 level that’s held resistance for five of the past six weeks?

Euro rebounded off multi-month downtrend support with EUR/USD bulls threatening a larger recovery. Battle lines drawn on the EUR/USD weekly technical chart.

Recent EUR/USD volatility has been largely driven by uncertainty sparked earlier this week, when the White House announced new trade tariffs. However, after this event, the price has entered a sideways consolidation phase.

Trump tariffs are zeroing in on Europe although there’s still a large amount of uncertainty. The pair responded to the threat with a strong sell-off at the open, that it’s now trying to claw back.

Sr. Technical Strategist Michael Boutros highlights the levels that matter on the USD Majors, commodities & stocks into the weekly open.

Euro rebounded off multi-month trend support with a breakout of the January range threatening a larger recovery. Battle lines drawn on the EUR/USD weekly technical chart.

EUR/USD has been in a bearish state since the Q4 open, and it was six consecutive red weeks until last week.

The EUR/USD has dropped over 8% from the peak levels seen in September 2024.

Euro rebounded off major support this week and the focus now shifts to a breakout of the January opening-range. Battlelines drawn on the EUR/USD technical charts.

EUR/USD has so far held a higher-low this week, but sellers don’t appear finished yet as USD strength has continued ahead of tomorrow’s Non-farm Payrolls report.

A three-month decline takes Euro into downtrend support into the start of the year with momentum fading. Battle lines drawn on the EUR/USD weekly technical chart.