EUR/USD

In recent hours, the euro has depreciated by nearly 0.5% against the U.S. dollar, and a bearish bias has started to take shape following the release of today’s Non-Farm Payrolls (NFP) report.

EUR/USD and USD/JPY approach key resistance zones with volatility rising ahead of the US nonfarm payrolls report. Here's how price action is shaping up.

USD bears have had an open door to run a break but, so far, they’ve continued to get shy on prints of fresh lows. Tomorrow’s NFP report represents an important driver for the matter.

EUR/USD may further retrace the decline from the April high (1.1573) it extends the advance from the start of the month.

EUR/USD holds above 1.14 ahead of the ECB rate decision. USD/JPY hovers around 143 after yesterday’s losses as concerns over the impact of Trump's trade tariffs grow.

The Euro rally stalled at resistance into the June open with the weekly range intact ahead of the ECB / NFP. Battlelines drawn on the EUR/USD short-term technical charts.

Until the Trump-Xi call and ECB decision play out, expect EUR/USD forecast to remain stable, and price action to stay range-bound. I remain cautious on chasing USD rallies and see 1.1215-1.1220 as a key area to watch if bearish momentum builds.

The US Dollar remains near multi-year lows but whether USD bears can take over seems driven by macro dynamics in USD/JPY.

A big worry is the rising debt levels and increasing cost of debt servicing. Without a strong rebound in the economy, there are no plans in place to deal with this issue, which, ultimately, may come back to haunt the US economy in the long-term. Therefore, despite the drop in eurozone inflation, it is far too early to turn negative on the EUR/USD forecast.

EUR/USD holds above 1.14 ahead of EZ inflation data. FTSE 100 struggles as miners drop after weak Chinese data.

It was an indecisive month for EUR/USD and a symmetrical triangle has built on the daily chart, highlighting break potential as we move into the final month of Q2.