EUR/USD Forecast

It looks like we are going to see yet another situation like we have seen over the last several days where the Euro gets sold off pretty early. But when the Americans show up, the United States dollar starts to shrink. And I think that is part of what's going on here. American traders are just simply selling the US dollar. That being said, the 1.16 level continues to offer support. And if we were to break down below that level, I think you've got a situation where we could really start to break down at that point, the market could drop to the 1.14 level, which of course is right about where the 200 day EMA is currently hanging around.

French political uncertainty has dominated sentiment, alongside a renewed recovery of the US dollar amid demand for it as a safe haven. Consequently, according to currency market trading, the EUR/USD pair tumbled to the 1.1598 support level, the currency pair's lowest in over a month. However, a temporary respite in Paris later provided short-term support, but bond market risks still loom over the Euro. According to reliable trading platforms, the EUR/USD price is stabilizing around the 1.1630 level at the beginning of today's session, Thursday.

Amid strong selling pressure, euro trading has witnessed a sharp decline amid political unrest in Europe and Asia. According to reliable trading platforms, the EUR/USD exchange rate has fallen towards the 1.1600 support level, the lowest level for the currency pair in more than a month. Currently, foreign exchange market analysts warn that French government instability and Japanese turmoil stemming from the yen could increase fourth-quarter volatility in currency markets.

The euro has plunged a bit during the early hours here on Tuesday as the US dollar continues to strengthen. Quite frankly, the US dollar just won't roll over and die like everybody said it was going to do. And now we find ourselves at the uptrend line. The uptrend line, of course, has been in effect since the middle of April, so it matter at this point, and we are below the 50-day EMA. Now keep in mind that during the Monday session, we made this exact same move only to bounce and form a hammer. If we break down below this uptrend line, then I think we've got a shot at running to the 1.16 level. The 1.16 level being broken to the downside opens up quite a bit of selling pressure, perhaps down to the 1.14 area where I would anticipate seeing the 200 day EMA come in and offer some noise. All things being equal.

The euro has initially fallen during the trading session here on Monday to break down to test this crucial uptrend line. That being said, it does look like they are at least trying to save the euro in early trading. A lot of things are going on in this chart that you may or may not be aware of.

The Euro continues to try to rally against the US dollar, but at this point in time, it's likely that the market continues to see selling pressure just above. And quite frankly, this has been a very lackluster week for the Euro. We are approaching an area that I think we have to make a decision with the uptrend line that’s coming into the picture. The 50-day EMA sitting just below the current area offers a bit of support as well. So, I'm paying close attention to this. The euro is going to have to basically put up or shut up pretty soon with threats against the U S dollar. One thing is for sure that since we have seen the FOMC press conference or the statement, you know, we just, we've seen the market do nothing but fall since then.

Euro remains volatile, capped by 1.18 resistance. Support lies at the 50-day EMA and trendline; breaks lower could expose 1.16–1.14, while bulls eye 1.19–1.20.

The Euro has initially rallied against the US dollar during the trading session here on Wednesday but then gave back a bit of the gains to turn around and show a massive shooting star by the time the Americans fully have the market in their hands. The 1.18 level continues to be a major barrier to overcome that we just really haven't seen happen yet. So, with that being the case, I think you have to look at this through the prism of a market that given enough time, we'll have to make a bigger decision. And to me, it looks like we are running out of momentum. If we fall from here, it's likely that we could go looking at the 50 day EMA. The 50 day EMA offer support, but breaking down below there, then opens up the possibility of an uptrend line coming into the picture for support. Beyond that, then we have the 1.16 level.

The euro has rallied against the US dollar But it's continuing to struggle with hanging on the gains at this point it's very interesting to see how things have played out because the Federal Reserve cut interest rates and That was the top of the euro against the US dollar at least so far with that being the case it does look like we are trying to change the structure of this market, but I also recognize that we've got a lot of noise ahead of us in the form of the non-farm payroll announcement on Friday. So, it'll be interesting to see how this plays out. The JOLTS Jobs Openings number came out during the Wednesday session, which was rather poor. And while that originally sent the U S dollar lower, the reality is that if the United States starts to slow down, it will have a negative influence on Europe and other places like that. Let us not forget that the Federal Reserve cutting rates is a known thing. There's nothing surprising about it. And even if they do cut rates, you have to wonder if the economic slowdown is starting to become a bigger problem. If it is, then you've got a real situation where the U.S. dollar ends up being eventually preferred over most other currencies as U.S. Treasuries will continue to attract inflows.

The EUR/USD is consolidating in narrow ranges, with traders awaiting Eurozone CPI and US labor data, as signals highlight fragile euro strength and key support at 1.1600.

The euro rose modestly against the US dollar on Monday but remains neutral, with 1.16 as key support and 1.18–1.20 as critical resistance.

The euro trades near 1.1680 with bearish momentum, as traders watch US jobs data and key 1.1645–1.1590 support for the next move.

The Euro is bouncing from key support near its 50-day EMA, with 1.18 resistance in focus, while a drop below 1.16 risks a deeper bearish turn.

EUR/USD declines toward 1.16 support, with traders watching closely as the U.S. dollar regains strength and risks a major shift in trend if support fails.

The EUR/USD pair faces renewed selling pressure near 1.1728, with weak German data and Fed caution weighing ahead of key US GDP and inflation releases.