EUR/USD Forecast: Euro could extend recovery once it clears 1.0900

EUR/USD found a foothold and started to edge higher toward 1.0900 early Monday after having registered losses for the fifth straight week in a row. In

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR /JPY .Markets started the new week on a cautious note after the People’s Bank of China lowered the one-year Loan Prime Rate to 3.45% from 3.

In case Wall Street's main indexes stage a rebound after the opening bell, the USD could struggle to find demand and help EUR/USD edge higher. Last week, the S&P 500 Index lost over 2% and investors could go bargain shopping ahead of the all-important Jackson Hole Symposium laterThe upper limit of the descending regression channel coming from early July forms key resistance at 1.0900. Once EUR/USD rises above that level and stabilizes there, technical buyers could show interest.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

FXStreetNews /  🏆 14. in US

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

EUR/USD Price Analysis: Euro bulls need acceptance from 1.0900 hurdle and Jackson Hole speechesEUR/USD clings to mild gains around 1.0880 as it defends the week-start rebound from the lowest level in six weeks amid mixed concerns in the market.
続きを読む »

Forex analysis: AUD/JPY, AUD/USD, EUR/JPY, EUR/USD, GBP/JPY, and GBP/USD [Video]Watch the video for the key trading levels for the week ahead for AUD/JPY, AUD/USD, EUR/JPY, EUR/USD, GBP/JPY, and GBP/USD.
続きを読む »

EUR/USD moves away from multi-week low set on Friday, lacks bullish convictionThe EUR/USD pair gains some positive traction on the first day of a new week and for now, seems to have snapped a six-day losing streak to its lowest
続きを読む »

EUR/USD faces a solid support around 1.0830UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang note further downside in EUR/USD is likely to meet s decent support near 1.083
続きを読む »

EUR/USD recovers some lost ground near 1.0880 ahead of German PPIThe EUR/USD pair gains modest ground around the 1.0880 mark heading into the European session on Monday. Market participants await the German Producer
続きを読む »

Euro Steadies as Hang Seng Tanks on PBOC’s Shallow Cut. Lower EUR/USD?The Euro eked out small gains to start the week as the US Dollar adjourns it bull run while China’s stimulus measures fall short of expectations. Will EUR/USD support hold?
続きを読む »