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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.
May 16,2024
The Euro is turning a corner against the Dollar as its uptrend looks increasingly sustainable.
May 15,2024
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.
May 14,2024
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.
May 10,2024
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. inflation report comes in softer than predicted.
May 10,2024
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.
May 8,2024
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.
May 6,2024
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Need Help? WhatsApp me.
Horizon Currency's dealing desk is here to answer any questions you have about the market.
Sam is one of our specialists and can be WhatsApped questions via this link.
