EURUSD Wave Analysis
Original excerpt
EURUSD currency pair recently broke the support zone between the support level 1.1600 (which stopped earlier correction (2)) and the 61.8% Fibonacci correction of the upward impulse (1) from March.
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Euro languishes near three-month lows against US Dollar despite progress in US-Iran talks
EUR/USD weakness persists despite risk-on conditions from Iran talks, suggesting USD strength is driven by macro fundamentals rather than risk sentiment.
Euro: Policy divergence supports against US Dollar – Rabobank
ECB-Fed policy divergence cited as structural EUR/USD support; widening rate differentials may limit dollar strength near-term despite US growth resilience.
Euro: Test of 1.140 seen before recovery against US Dollar – ING
ING positioning for EUR/USD test of 1.140 signals near-term dollar strength before mean reversion; watch for support breaks that could accelerate dips.
Euro weakens against US Dollar as hawkish Fed bets hog limelight
Market repricing Fed hold probability higher amid hawkish rhetoric, widening rate differential favoring USD/EUR longs.
Bank desks on this topic
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FX Daily: US holiday offers Japan intervention window
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What the US-Iran Memorandum of Understanding means for macro and markets
Articles What the US-Iran Memorandum of Understanding means for macro and markets 13:55 Share X LinkedIn E-mail Copy link Share X LinkedIn E-mail Copy link Download The US and Iran have signed a preliminary MoU outlining a ceasefire, some economic concessions and the reopening of
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EURUSD Wave Analysis