EUR/USD trades in the upper half of the ascending regression channel but the Relative Strength Index (RSI) indicator on the 4-hour chart stays above 70, suggesting that the bullish bias remains intact ...

Read More »

EUR/USD: Bulls may try to surpass 1.1180 – UOB Group

The Euro (EUR) is likely to trade in a higher range of 1.1110/1.1180. Solid momentum indicates further EUR strength; it remains to be seen if the 2023 high of 1.1275 is within reach, UOB Group FX ...

Read More »

EUR/USD Forecast – Euro Continues to See Barrier Above

The euro continues to see a lot of resistance above, as we are stretched at this point in time. Ultimately, we are in a situation where the markets are trying to determine what the Federal Reserve is ...

Read More »

Further dollar weakness not a given, EURUSD overshooting fundamentals: UBS

EURUSD has risen sharply, driven by improved risk sentiment and a partial recovery in equity markets, with the S&P 500 regaining its August losses and volatility indices like the VIX falling. Despite ...

Read More »

EURUSD bulls stay in charge

EURUSD has been in a steady rally since August 15, when it hit support at 1.0950, and it is currently testing the key resistance zone of 1.1130, a zone that stopped the bulls from heading further ...

Read More »