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EUR

Heading into 50% Fibonacci resistance?The Fiber (EUR/USD) is rising towards the pivot which acts as an overlap resistance and could drop to the 1st support which has been identified as a pullback support. Pivot: 1.0604 1st Support: 1.0452 1st Resistance: 1.0705 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
2
Heading into overlap resistance?EUR/CAD is rising towards the resistance level which is an overlap resistance that is slightly below the 61.8% Fibonacci retracement and could drop from this level to our take profit. Entry: 1.48814 Why we like it: There is an overlap resistance level that is slightly below the 61.8% Fibonacci retracement. Stop loss: 1.49977 Why we like it: There is an overlap resistance level that aligns with the 127.2% Fibonacci extension. Take profit: 1.47138 Why we like it: There is a pullback support level that lines up with the 38.2% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
Bearish drop?EUR/JPY is rising towards the resistance level which is an overlap resistance that is slightly above the 23.6% Fibonacci retracement and could drop from this level to our take profit. Entry: 160.72 Why we like it: There is an overlap reistance level that is slightly above the 23.6% Fibonacci retracement. Stop loss: 162.22 Why we like it: There is an overlap resistance which is slightly above the 50% Fibonacci retracement. Take profit: 158.73 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
EURO - Price can bounce up from support area to $1.0685 pointsHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some days ago, the price started to decline inside a falling channel, and in a short time, it fell to the $1.0810 level. Then, the price entered the resistance area, after which it turned around and rose to the resistance line of the channel, making a first gap. After this, EUR made impulse down, breaking $1.0810 level, exited from channel, and continued to decline in pennant. In pennant, price fell below $1.0515 level, to support line of this pattern, after which made a second gap and returned back. Also recently, Euro broke $1.0515 level and exited from pennant and now trades close to this level. In my mind, price can fall to support area and then bounce up to $1.0685 points. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
EUR/USD: A Day of Stagnation Amid Awaited Data ReleasesOn Tuesday, the EUR/USD currency pair showed a lack of direction, closing nearly unchanged and just below the 1.0500 level. As traders navigate the tight range, the pair continues to move sideways early Wednesday. Market participants are particularly focused on upcoming macroeconomic data from the United States, which could influence the USD's trajectory. In the American trading session on Tuesday, EUR/USD experienced a slight dip, falling below 1.0450, but managed to regain lost ground as investors reacted to mixed economic reports from the US. This volatility in the dollar's strength was further compounded by a subtle improvement in risk appetite among investors, which restricted demand for the USD. From a technical analysis perspective, there have been no significant changes since the previous day. Currently, the EUR/USD is trading around 1.05150. As we approach the Thanksgiving holiday, the economic calendar for the US is set to release various pivotal data points. One of the key reports expected today is the weekly Initial Jobless Claims from the US Department of Labor, alongside the Durable Goods Orders figures for October, released by the US Census Bureau. With the euro showing signs of gaining momentum, it raises the likelihood of a potential bearish correction. Traders are advised to approach today's market with caution, as the interplay between new economic data and market sentiment could have immediate implications for the currency pair. As investor focus shifts to how these forthcoming data releases will affect the valuation of the USD, it remains critical to monitor both macroeconomic indicators and overall market sentiment for trading opportunities in the EUR/USD pair. ✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
Bullish bounce off pullback support?EUR/JPY is falling towards the pivot which has been identified as a pullback support and could bounce tot he 1st resistance which acts as an overlap resistance. Pivot: 158.73 1st Support: 157.41 1st Resistance: 160.59 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
Sell EUR/JPY Bearish ChannelThe EUR/JPY pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 161.15 Target Levels: 1st Support – 159.88 2nd Support – 158.91 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
12
Euro can reach resistance line of channel and then continue fallHello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price started to decline inside the downward channel, where it rebounded from the resistance line first and in a short time declined to the support line of the channel. Next, the price rebounded from this line, which coincided with the resistance level and started to grow to the resistance line, making a first gap as well. When the price reached the resistance line, it turned around and made an impulse down, breaking the 1.0760 level, which coincided with the seller zone, after which tried to return, but failed. After this, the EUR continued to decline inside another one downward channel. In this channel, the price fell to the support line (1.0520) and then rebounded to the resistance line of the channel, after which continued to fall. Soon, the price fell back to the support line of the downward channel, but a few moments ago, it bounced up to almost the resistance line, making a second gap. So, at the moment, I think that the Euro can reach the resistance line of the channel and then start to decline to the support line of the channel. For this case, I set my TP at 1.0290 points, which coincided with this line. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
4
EUR/USD Still Under Pressure: Understanding Market DynamicsEUR/USD has recouped some of its daily losses, hovering around 1.0510 during the London trading session. Initially, the currency pair experienced a decline in response to deteriorating market sentiment triggered by President-elect Donald Trump's announcement of a proposed 25% tariff on imports from Mexico and Canada, as well as a 10% increase on all Chinese imports entering the United States. While the pair has made some recovery during the London session, a bearish outlook persists. The currency pair has suffered a substantial decline from the 1.0900 mark and faced resistance at the 1.0400 level, which serves as a key demand zone. There is potential for further downward movement, with the next significant demand area identified at 1.0100. Federal Reserve Bank of Chicago President Austan Goolsbee has indicated that the Federal Reserve is likely to pursue a strategy of lowering interest rates towards a neutral stance, one that neither stimulates nor restricts economic growth. Meanwhile, market expectations have fully incorporated a 25 basis point cut by the European Central Bank (ECB) in December. Moreover, the probability of a more significant 50 basis point reduction has surged to 58%, reflecting growing market concerns about the economic outlook in the region. From our perspective, further declines in the currency pair could be anticipated. ✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
1
Keep your eyes on the PCE readingsCan DXY continue it's journey north? Or is it time for a bit of correction, allowing pairs like EASYMARKETS:EURUSD to reverse higher? Let's have a look. FX_IDC:EURUSD Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
by easyMarkets
Bullish rise?EUR/CAD is falling towards the pivot and could bounce to the 1st resistance which is an overlap resistance. Pivot: 1.4712 1st Support: 1.4708 1st Resistance: 1.5008 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
1
Overlap resistance ahead?EUR/CAD is rising towards the resistance level which is an overlap resistance that is slightly below the 61.8% Fibonacci retracement and could drop from this level to our take profit. Entry: 1.48814 Why we like it: There is an overlap resistance level that lines up with the 61.8% Fibonacci retracement. Stop loss: 1.5078 Why we like it: There is a pullback resistance level that lines up with the 88% Fibonacci retracement. Take profit: 1.45564 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
Bearish drop?EUR/NZD is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could drop from this level to our take profit. Entry: 1.80730 Why we like it: There is an overlap resistance level that lines up with the 61.8% Fibonacci retracement. Stop loss: 1.82729 Why we like it: There is a pullback resistance level. Take profit: 1.78341 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
EURUSD Today's 1D Death Cross turning into a 3 month rally!The EURUSD pair is having a strong bullish reversal after marginally breaking on Friday below the bottom (Lower Lows trend-line) of the 1.5 year Channel Down. The 1W RSI got marginally oversold (below 30.00), which is a technical buy level. So far it is similar to the October 03 2023 bottom, which was formed on a 1D Death Cross, exactly the kind of pattern that is being completed today! That bottom initiated a strong 3-month rally that hit the 0.618 and 0.786 Fibonacci retracement level respectively. Our long-term Target is 1.08765 (Fib 0.618). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
AGAIN WITH EURNZD, IS THIS A REVERSAL OR A PULL BACK?EURNZD is currently making a channel move on the 1h which indicates a pull back to previous weekly close. now we are looking for price reaction at 1.79500, a double top forming at this zone will indicate the coming in sellers to drive the price lower. this trade can make as much as 1:7. LOOKING for price to for an engulfing candle on the 1h and 4h or a pin bar candle on the 1h and 4h from this price level. 1.79500 is a key levle.
Short
by wizzywise1
EURJPY to continue in the downward move?EURJPY - 24h expiry Buying pressure from 159.87 resulted in prices rejecting the dip. The current move higher is expected to continue. Short term bias has turned negative. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Further downside is expected although we prefer to sell into rallies close to the 162.85 level. We look to Sell at 162.85 (stop at 164.05) Our profit targets will be 159.85 and 154.40 Resistance: 162.45 / 164.90 / 167.40 Support: 159.40 / 154.40 / 151.40 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
Bearish drop off pullback resistance?EUR/USD is rising towards the resistance level which is a pullback resistance that aligns with the 61.8% and the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.0519 Why we like it: There is a pullback resistance level that lines up with the 38.2% and the 61.8% Fibonacci retracememnt. Stop loss: 1.0959 Why we like it: There is an overlap resistance level that aligns with the 50% Fibonacci retracement. Take profit: 1.0337 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
I'M BACK | EUR/USD Good evening and/or good morning to everyone! 🌅🌙 It all depends on when you read this article. I know what you're already thinking... "What happened to the articles?" Well, that's not for me to answer! 😅 What I predicted has indeed come true, but as I mentioned earlier, it’s out of my hands. That said, let’s cut to the chase. First of all, I need your support! 🙌 Leave a boost, hit follow , and drop a comment to help me continue publishing. Now, let’s dive into our analysis. 🧐 EUR/USD: What’s happening? 💱 Well, my friend, Trump’s election has made its mark, and I think the results are clear to everyone. But be careful! 🤔 Do you really think it’s us who are losing? No, my friend! The recession will happen, but it won’t be for the euro—it will hit the dollar. 💸 Give things time to unfold, and remember this article... and your loyal friend, PipGuard. 😉 Don’t let yourself be fooled by the price! Doing this job requires an analytical mind, but it’s even more crucial to stop asking "why" for every market move. Trust me, that’s my golden rule! 😊 Technical Analysis: What can we expect? 📉 The EUR/USD price is in a sharp downtrend. However, we can expect: 1️⃣ A correction in the short term. 2️⃣ A potential reversal in the medium/long term. The study you see here was conducted on a weekly and 24-hour chart to give you a clear price direction and highlight key levels of interest. 🗺️ Current situation: - The price is trading below the bullish resistance at 1.05300. 🚧 As long as the price remains below this level, the trend stays bearish. 👉 Important note: If the price doesn’t fully close (with the entire candle body) above this resistance, it will act as a support for bearish traders. I’ve clarified this to help you avoid confusion! 😉 - We also observe that the price reacted to the bearish resistance , now acting as a bullish support , located at 1.03880. At this level, the price generated a spike but didn’t close fully, which confirms the strength of this area. 💪 Order Block and next moves: - The price has touched but hasn’t yet mitigated our bullish order block (OB), which ranges from 1.03200 to 1.02500. Within this range, we can look for a bullish impulse. 🚀 This move could happen: - At the liquidity grab around 1.02900. - Or upon touching the support/bearish level at 1.02515. If, instead, the price continues to drop after a correction, don’t worry! 💡 Your friend PipGuard has you covered for this scenario too. We have a weekly Fibonacci retracement ranging from 1.02100 to 0.99730, with significant liquidity between 1.01610 and 1.00890. 📊 I hope this analysis has been helpful to you! 😊 Once again, I ask you to support me with a boost, a comment , and a follow so you don’t miss future updates. Wishing you good luck and a fantastic day/evening! ☀️🌙 Best regards, PipGuard. 💼
Long
by PipGuard
4
EUR/USD: Euro Weakens as the US Dollar Gains StrengthEUR/USD: Euro Weakens as the US Dollar Gains Strength The EUR/USD pair continued to decline last week, losing 2.8%. This marks another week of euro weakness, driven by poor economic data from the eurozone and strong US indicators that underscore the resilience of the American economy and reduce expectations for Federal Reserve rate cuts. Strong US Data Bolsters the Dollar Key economic data from the US reinforced the dollar’s strength, reflecting the underlying robustness of its economy: - Initial Jobless Claims (Nov. 16): Reported at 213K, outperforming the 220K forecast, indicating a stable US labor market. - S&P Global Services PMI Flash (Nov.): Came in at 57.0, significantly above the 55.2 expectation, highlighting strong activity in the US services sector. These figures diminish the likelihood of imminent rate cuts by the Federal Reserve, maintaining the dollar’s attractiveness to investors. Weak Eurozone Data Pressures the Euro On the other hand, disappointing data from the eurozone added considerable pressure on the euro: - HCOB Composite PMI Flash (Nov.): Dropped to 48.1 (below the 50 threshold indicating contraction), missing the forecast of 50. - HCOB Manufacturing PMI Flash (Nov.): Fell to 45.2, underperforming the expected 46. - HCOB Services PMI Flash (Nov.): Declined to 49.2, well below the 51.6 forecast. The eurozone’s sluggish growth, coupled with inflation stabilizing around 2%, makes a strong case for the European Central Bank (ECB) to accelerate rate cuts. With eurozone rates at 3.4% compared to 4.75% in the US, the dollar’s yield advantage makes it more appealing to investors. Policy Divergence and Trade Risks The divergence in monetary policy between the US and the eurozone is a significant driver of EUR/USD’s weakness. While the ECB seems poised to continue cutting rates, the Federal Reserve may slow its actions or even pause. Further boosting the dollar is the potential for future President Donald Trump’s proposed tariffs on imported goods, which could strengthen the US economy and delay rate cuts. Seasonality: A Possible Lifeline for EUR/USD Despite the euro’s bearish outlook, seasonality could offer some support to EUR/USD. Historically, December has often been a favorable month for the pair, which might provide temporary relief for the euro in the coming weeks. Conclusion EUR/USD remains under significant pressure due to weak eurozone data, monetary policy divergence, and the dollar’s relative strength. Unless there’s a major shift in economic dynamics or central bank decisions, the euro is likely to stay on the defensive. Will seasonal trends be enough to support the euro, or will the downward trajectory continue? Share your thoughts in the comments!
Short
by InvestMate
1