<Fundamentals>
Dollar weakness driven by Fed rate-cut expectations and a softening US labor market has supported the euro’s appreciation. However, views within the ECB on further easing remain divided.
Croatian National Bank Governor Vujčić noted that inflation risks in the Eurozone are broadly balanced and growth is strengthening more than expected, implying that additional rate cuts are unlikely in the near term.
On the other hand, ECB Rehn warned that persistent declines in energy prices and ongoing economic risks could push inflation below the 2% target.
<Technicals>
EURUSD continues to trend higher within the ascending channel, forming higher lows. The price remains above the diverging bullish EMAs, indicating a potential extension of bullish momentum.
If EURUSD holds above EMA21 and within the ascending channel, the price may advance toward the resistance at 1.1670.
Conversely, if EURUSD breaks below EMA21 and the channel’s lower bound, the price could retreat toward the support at 1.1580.
Dollar weakness driven by Fed rate-cut expectations and a softening US labor market has supported the euro’s appreciation. However, views within the ECB on further easing remain divided.
Croatian National Bank Governor Vujčić noted that inflation risks in the Eurozone are broadly balanced and growth is strengthening more than expected, implying that additional rate cuts are unlikely in the near term.
On the other hand, ECB Rehn warned that persistent declines in energy prices and ongoing economic risks could push inflation below the 2% target.
<Technicals>
EURUSD continues to trend higher within the ascending channel, forming higher lows. The price remains above the diverging bullish EMAs, indicating a potential extension of bullish momentum.
If EURUSD holds above EMA21 and within the ascending channel, the price may advance toward the resistance at 1.1670.
Conversely, if EURUSD breaks below EMA21 and the channel’s lower bound, the price could retreat toward the support at 1.1580.
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Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.