Euro Weakness

ForexNewsPlus News

EUR/USD Dips to 1.16 as Fed Data Boosts Dollar

by

EUR/USD is currently positioned between 1.1630 and 1.1656, hovering slightly above the recent one-month low range of 1.1615 to 1.1618, and significantly below the late-December peak around 1.1808 to 1.1810. Since reaching that Christmas peak, the pair has declined over 1.6%, establishing a distinct pattern of lower highs and lower lows. Every effort to rise … Read more

ForexNewsPlus Updates

EUR/USD at 1.16 as FXE Faces $5.4M Outflow Post-NFP Miss

by

EUR/USD begins the week positioned around 1.1633–1.1634, nearly identical to its trading level on 10 December; however, the trajectory to this point has been distinctly unfavorable. At the beginning of last week, the pair was securely positioned above 1.1700, trading near 1.1720, until sellers aggressively intervened. On Monday, the cross declined to 1.1685, unable to … Read more