Daily Technical

The EUR/USD failed to hold on to yesterday's early gains and continued its losses to the 1.073 support level, its lowest level in more than a month, as political uncertainty in France weighed on market investor...
According to the results of the economic calendar, market analysts are divided over the number of rate cuts Federal Reserve officials will indicate for 2024. This division follows recent inflation figures that showed inflation remains elevated....

Daily technical analysis EUR/USD: Anticipation of rate cuts in Europe

The euro rose against all G10 currencies after euro zone inflation beat estimates. The US dollar surrendered after a personal consumption expenditures reading that...

Daily technical analysis EUR/USD: Would the ECB cut interest rates?

According to the economic calendar results, headline and core inflation rates increased to 2.6% and 2.9% in May, higher than expected. This set of...

Daily technical analysis EUR/USD: Bulls need further incentive

In an attempt to drive the EUR/USD price higher, the pair rallied yesterday, reaching the resistance level of 1.0889 before stabilizing around 1.0850. Recently,...

Daily technical analysis EUR/USD: Bears point to 1.08 support as the key

The EUR/USD was unable to break or at least challenge the 1.09 level during the previous week, instead dropping to the 1.0850 level within...

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