Euro

Euro faltered near the 2016 highs last week with the bulls looking to build on a slip towards support. Battlelines drawn on the EUR/USD short-term technical charts.

Euro surged 2.3% into the start of the June with the rally exhausting into uptrend resistance this week. Battle lines drawn on the EUR/USD weekly chart ahead of the Fed.

EUR/USD finally pushed through the 1.1500 level and has set a fresh three-year high this morning. The question now is whether the trend can continue through next week’s FOMC meeting.

The EUR/USD pair has risen by over 0.5% following the release of the latest U.S. Consumer Price Index (CPI). The euro has gained ground on growing expectations that lower inflation could pave the way for a less restrictive monetary policy in the United States.

EUR/USD came five pips away from the 1.1500 handle last week, and so far sellers have held the pair below that key level. But can they hold it for much longer?

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.

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.

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.

EUR/USD showed a strong breakout in March that continued through April, but so far in May bulls have stalled and sellers have slowly shown a stronger hand.

The Euro recovery exhausted into uptrend resistance this week with the bears attempting to build some momentum into June. Battle lines drawn on the EUR/USD weekly chart.

The euro has recently appreciated by nearly 0.8% against the USD in the short term, as the European currency gains temporary bullish momentum.