EUR/USD Analysis Today 16/07: Bearish Trend Begins (Chart)

EUR/USD Analysis Today 16/07: Bearish Trend Begins (Chart)

EUR/USD Analysis Summary Today Overall Trend: Beginning a bearish inclination. Today’s EUR/USD Support Levels: 1.1590 – 1.1500 – 1.1430. Today’s EUR/USD Resistance Levels: 1.1700 – 1.1780 – 1.1840. EUR/USD Trading Signals: Buy EUR/USD from the support level of 1.1560 with a target of 1.1700 and a stop loss of 1.1500. Sell EUR/USD from the resistance level of 1.1750 with a target of 1.1600 and a stop loss of 1.1800. EUR/USD Technical Analysis …

Bannockburn Capital Markets | USD Steadies after Yesterday’s Surge, but Does it have Legs? | European American Chamber of Commerce New York [EACCNY] | Your Partner for Transatlantic Business Resources USD Steadies after Yesterday's Surge, but Does it have

Overview: The dollar has steadied today after yesterday’s jump. Asia and Europe do not seem to be as enthusiastic about the dollar as North America seemed to be yesterday. President Trump indicated that sectoral tariffs on semiconductor chips and pharmaceuticals could be announced as early as August 1. He also said that there will be more bilateral deals announced. The greenback is mostly a little softer against the G10 currencies, with the Scan…

EUR/USD Analysis: US Dollar Strengthens Following Inflation Report

Yesterday, the US Consumer Price Index (CPI) report was released, showing an increase in consumer prices. According to Forex Factory, annual CPI rose from 2.4% to 2.7%, exceeding analysts' expectations of a 2.6% rise.As reported by Reuters, the data supports the stance of Federal Reserve Chair Jerome Powell, who has repeatedly stated that the anticipated inflationary pressure—driven in part by tariffs—is a reason to refrain from further interest…