Unsurprisingly, the EUR/USD has fallen back amid profit-taking after Wednesday’s data-driven rally. But with several key resistance levels broken, the path of least resistance remains to the upside…
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The Euro is turning a corner against the Dollar as its uptrend looks increasingly sustainable.
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The Dollar's April-May bout of weakness is a temporary phenomenon and the Euro to Dollar exchange rate can be expected to edge lower.
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The Euro has now completed four consecutive weekly advances that speak of ongoing resilience which can continue if the midweek release of U.S. inflation and retail sales data underwhelms.
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Further signs of U.S. labour market weakness have helped the Euro to Dollar exchange rate to a fourth consecutive weekly advance, and we can expect a fifth weekly advance if next week's U.S. inflat…
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The Euro to Dollar exchange rate's downward bias is tipped by analysts to remain intact ahead of next week's important U.S. inflation release.
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The Euro looks increasingly ready to test some upside targets against the Dollar in the coming days thanks to the strong reaction to Friday's U.S. job report.
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