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EUR/USD Price Analysis: Bulls lose momentum as pair faces rejection at 100-day SMA

Summary by FXStreet

The EUR/USD pair faced a setback on Friday, declining by 0.44% to settle near 1.0450 after encountering firm resistance at the 100-day Simple Moving Average (SMA) around 1.0540.

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FXStreet

EUR/USD Price Analysis: Bulls lose momentum as pair faces rejection at 100-day SMA

The EUR/USD pair faced a setback on Friday, declining by 0.44% to settle near 1.0450 after encountering firm resistance at the 100-day Simple Moving Average (SMA) around 1.0540.

1 day ago

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Action Forex

ECB-Fed Divergence May Limit EUR/USD Gains Above 1.0500 - Action Forex

The US dollar is giving back gains despite the tariff talk, rate cuts in Australia and New Zealand and despite the hawkish Federal Reserve (Fed) minutes that hinted that the Fed officials are inclined to keep the rates unchanged until they see ‘further progress on inflation before making additional adjustments’. The dollar index tested the 100-DMA yesterday and is consolidating near that level this morning. The major support to the September to …

1 day ago

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