At the moment, the 
EURUSD exchange rate is being driven more by developments in the United States than by anything coming from the euro area. Nevertheless, upward momentum remains well supported and continues to define the pair’s primary short-term trend.
The ongoing weakness of the U.S. dollar has provided a strong tailwind for EUR/USD, extending last week’s rally and pushing the pair toward the 1.1900 level. Looking ahead, investors are likely to remain cautious ahead of Wednesday’s Federal Reserve meeting.
Until the Federal Reserve provides clearer guidance on its willingness to ease monetary policy, or the euro area demonstrates a more convincing growth cycle, further gains are likely to unfold gradually rather than aggressively.
I remain optimistic about the outlook — how about you?
EURUSD exchange rate is being driven more by developments in the United States than by anything coming from the euro area. Nevertheless, upward momentum remains well supported and continues to define the pair’s primary short-term trend.The ongoing weakness of the U.S. dollar has provided a strong tailwind for EUR/USD, extending last week’s rally and pushing the pair toward the 1.1900 level. Looking ahead, investors are likely to remain cautious ahead of Wednesday’s Federal Reserve meeting.
Until the Federal Reserve provides clearer guidance on its willingness to ease monetary policy, or the euro area demonstrates a more convincing growth cycle, further gains are likely to unfold gradually rather than aggressively.
I remain optimistic about the outlook — how about you?
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Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.