EUR USD

The timing of Moody’s U.S. downgrade couldn’t be worse for a dollar already looking shaky. With EUR/USD and USD/JPY testing key levels and gold extending its bounce, traders will be watching trade and tax headlines closely to kick off the new week.

The weekly USD bar doesn’t look all that strong but the context matters, as USD bulls have so far defended higher-low support from the daily chart.

Over the past three trading sessions, EUR/USD has remained in a state of neutral consolidation, with price movement limited to just 0.3%, reducing the bullish momentum that had begun to build earlier in the week.

This US-China trade truce has only had a limited influence on the dollar, with the greenback held back by soft data. Against this backdrop, the EUR/USD forecast remains modestly positive in the near-term outlook.

A V-shaped Euro recovery failed at trend resistance and shifts the focus to a breakout of the weekly range. Battlelines drawn on the EUR/USD short-term technical charts.

EUR/USD came into the week with sellers in full control, but soft US data has helped to bring a pullback to the trend.

The US Dollar held just inside of 102 on Monday and then pulled back after CPI tomorrow. Bulls have so far held a higher-low but this puts a lot of emphasis on tomorrow’s economic calendar.

EUR/USD rises to 1.12 despite cooler German inflation. FTSE 100 holds steady amid mixed earnings.

EUR/USD snapped back after breaking key support at 1.1200, but with bond yields climbing and Fed cut pricing slipping, it’s tough to back the move without confirmation from rates.

EUR/USD may continue to track the positive slope in the 50-Day SMA (1.1085) following the failed attempt to close below the moving average.

EURUSD, Dow Outlook: While markets respond to optimism surrounding a 90-day tariff cut between the U.S. and China, underlying fundamentals and economic data remain in focus — with the upcoming U.S. CPI release next on the radar.