EUR USD

EURUSD Forecast: the pair is back up to April highs; are March highs next in sight?

Despite the slow start to today’s session, the recent price action and improving eurozone sentiment suggests the EUR/USD outlook remains positive, with the exchange rate on course to potentially head towards the 1.10 handle.

The 1-2 combination of soft CPI and retail sales has driven EUR/USD higher and sent the DAX to fresh record highs.

EUR/USD rises ahead of US inflation data, Eurozone GDP figures. USD/JPY falls with US data in focus & on intervention warnings.

The US dollar continued to weaken ahead of today's US CPI report, helping EUR/USD and AUD/USD move towards key resistance levels. Yet traders will require a soft set of inflation figures for the pairs to stand any chance of breaking resistance.

The EUR/USD analysis is currently looking positive, and the bulls would love to see weaker US inflation data this week to inspire a potential breakout above the key 1.08 resistance level.

it’s now up to incoming data and news flow to continue fuelling the bullish USD narrative, otherwise it risks sparking a reversal. We may be seeing the inception of such a move in EUR/USD right now.

Oil struggles after mixed China data and on Fed rate cut uncertainty. EUR/USD inches higher with Fed speakers & US CPI data in focus.

EUR/USD is rising post-Fed on USD weakness. USD/JPY steadies after another suspected intervention.

The US dollar has rallied on anticipation of a more hawkish Fed ahead of today's meeting. So we take a look at key levels for EUR/USD and USD/JPY.

EUR/USD boosted by German and Eurozone GDP expansion, although the ECB is still likely to cut in June even if the pace of subsequent cuts may be slower. US data highlights include FOMC, NFP and ISM surveys this week. Meanwhile EUR/USD technical analysis point to potential rise to $1.08.

EUR/USD looks tired ahead of key inflation and GDP data from the continent later Tuesday, struggling to hold the gains which took it to two-week highs on Friday.

May has historically been the second-worst month for EUR/USD (-0.62%) and GBP/USD (-0.37%) - see what to watch for from the other major currency pairs!

There seems to be no fear in shorting then yen, given large speculators pushed net-short exposure to the second highest level on record last week. EUR/USD and GBP/USD also flipped to net-short exposure.

EUR/USD may have seen its bounce off 1.0600 support stall at 1.0740 – see the levels to watch moving forward!

EUR/USD rises after German consumer confidence & ahead of US GDP data. FTSE rises on mining M&A news & after-earnings.

Disparity between US and Eurozone PMI data bodes well for euro. For now, the US dollar has rebounded slightly ahead of GDP and core PCE data. EUR/USD technical analysis shows rates testing a pivotal area circa $1.07 - a potential break above here would be ideal for the bulls.