EUR/USD: Chance to Rise Above 1.1765 – UOB Group

EUR/USD Firms as Dollar Weakens

Key Takeaways: *Dollar pressured as Fed rate cut bets weigh on sentiment *EUR/USD breaks above 1.1750 amid broad USD softness *ECB rate decision in focus; Lagarde hints policy nearing terminal level Market Summary: GThe euro extended gains against the dollar, underpinned by continued weakness in the greenback as markets priced in the likelihood of a Fed rate cut later this year. The USD Index hovered near 97.50 after a two-day drop, reflecting r…

EUR/USD: Chance to rise above 1.1765 – UOB Group

There is potential for Euro (EUR) to rise above 1.1765 against US Dollar (USD); overbought conditions suggest it might not be able to hold above this level.

EUR/USD maintains losses about 1,1750 waiting for consumer confidence in the eurozone - World Stock Market

The EUR/USD depreciates while the US dollar advances after the commercial agreement between the US and Japan. Trump took the opportunity to criticize Fed Powell, stating that he will be out in eight months. The ECB is expected to maintain its interest rates without changes on Thursday. The EUR/USD goes back from a maximum of two weeks of 1,1761 reached on Tuesday, quoting around 1,1740 during Wednesday’s Asian hours. The torque depreciates as th…