Euro / DollaroLong
EUR/USD Near Parity Amid Bearish Momentum
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EUR/USD appears to have found support at the new 1-year low of 1.017715, rebounding slightly after hitting a fresh 26-month low near its 21-day lower Bollinger Band. The pair is expected to edge closer to parity (1:1) as long as France-German yield spreads continue to widen and Eurozone fundamentals remain weak. A lack of countertrend buyers is limiting upward momentum, with option barriers positioned at lower levels.
European Central Bank (ECB) Chief Economist Philip Lane stated in an Austrian newspaper that the ECB could ease monetary policy further this year but emphasized the need for a balanced approach.
Looking ahead, increased volatility is anticipated next week as former President Trump considers implementing gradual tariff hikes. If the 1-week pivot point fails to hold, further downside is likely, potentially pushing the pair toward parity. However, bearish momentum may persist in the short term before a bullish recovery begins.
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TradeWithTheTrend3344
EUR/USD appears to have found support at the new 1-year low of 1.017715, rebounding slightly after hitting a fresh 26-month low near its 21-day lower Bollinger Band. The pair is expected to edge closer to parity (1:1) as long as France-German yield spreads continue to widen and Eurozone fundamentals remain weak. A lack of countertrend buyers is limiting upward momentum, with option barriers positioned at lower levels.
European Central Bank (ECB) Chief Economist Philip Lane stated in an Austrian newspaper that the ECB could ease monetary policy further this year but emphasized the need for a balanced approach.
Looking ahead, increased volatility is anticipated next week as former President Trump considers implementing gradual tariff hikes. If the 1-week pivot point fails to hold, further downside is likely, potentially pushing the pair toward parity. However, bearish momentum may persist in the short term before a bullish recovery begins.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
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