The post EUR/USD Price Forecast: Remains above 1.1700 near 50-day EMA appeared on BitcoinEthereumNews.com.
EUR/USD inches higher after three days of losses, trading around 1.1710 during the Asian hours on Thursday. The daily chart technical analysis indicates a potential for a bearish reversal as the pair is positioned on the lower boundary of the ascending channel pattern. The EUR/USD pair is holding just above the 50-day Exponential Moving average (EMA) but still capped by the nine-day EMA, which keeps the near-term tone broadly neutral with a slight bullish tilt. The price hovering between these averages suggests consolidation after recent gains, while the 14-day Relative Strength Index (RSI) around 50 hints at balanced momentum rather than a strongly directional move. On the upside, the primary barrier lies at the nine-day EMA of 1.1730, followed by the 12-week high of 1.1849, reached on April 17. A break above this level would support the pair to test the upper boundary of the asc
The post Euro: Growth downgrades and softer outlook – Societe Generale appeared on BitcoinEthereumNews.com.
Societe Generale economists highlights that Eurozone 2026 GDP forecasts have been cut more than United States (US) projections in percentage terms, reinforcing United States (US) outperformance. While the European Central Bank (ECB) appears set on at least one rate hike, he suggests global central banks may rein in tightening as growth slows, with the bank’s end-2026 EUR/USD forecast below Bloomberg consensus. Eurozone growth trimmed as US outperforms “Consensus 2026 Eurozone GDP growth forecasts have fallen from 1.2% to 0.8% in the Eurozone since the start of the conflict, and while the US revision, from 2.5% to 2.1% is the same size, US economic out-performance will feel greater at these growth rates.” “The ECB appears committed to at least one rate hike in response to higher inflation, but it won’t take much for central banks around the world to rein I their rate-hiking plans
Key takeaways Pi Network extends losses on Friday as a 50-period EMA caps short-term recovery attempts. The token could drop below the $0.1600 if the bearish trend persists. Pi Network (PI) extended losses on Friday, risking a bearish breakout from its short-term consolidation on the 4-hour chart. The token remains capped by the 50-period Exponential […]
The post PI faces corrective pressure as token struggles below $0.17 appeared first on CoinJournal.
The post Euro refreshes monthly low against US Dollar as traders price out dovish Fed bets appeared on BitcoinEthereumNews.com.
The Euro (EUR) trades sharply lower against the US Dollar (USD) around 1.1630 during the European trading session on Friday, the lowest level seen in over a month. The EUR/USD pair faces intense selling pressure as the US Dollar (USD) outperforms across the board due to firm expectations that the Federal Reserve (Fed) will not cut interest rates this year. US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the New Zealand Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD 0.32% 0.41% 0.05% 0.20% 0.86% 1.00% 0.25% EUR -0.32% 0.08% -0.26% -0.13% 0.54% 0.72% -0.06% GBP -0.41% -0.08% -0.34% -0.21% 0.46% 0.62% -0.15% JPY -0.05% 0.26% 0.34% 0.16% 0.80% 0.96% 0.20% CAD -0.20% 0.13% 0.21% -0.16% 0.64% 0.78% 0.05% AUD -0.86% -0.54% -0.46% -0.80% -0.64% 0.17% -0.61% NZD
The post Euro: Technical break points to 1.160 test versus US Dollar – ING appeared on BitcoinEthereumNews.com.
ING’s Francesco Pesole highlights a significant technical break in EUR/USD below 1.170, opening scope for a test of 1.160 in coming days. Pesole stresses that widening EUR:USD two-year swap differentials back towards pre-war levels have removed a key source of Euro (EUR) resilience versus the US Dollar (USD), while political risk is adding a premium to EUR/GBP with upside risks for the cross. Rate gap widens as support fades “We saw a pretty significant technical break in EUR/USD at 1.170, which seemed to rapidly pave the way for a test of 1.160 in the coming days.” “While equities are the main driver of the pair, the moves in short-term rate differentials have been big of late. The EUR:USD two-year swap rate gap has widened 20bp from -80bp to -100bp since the start of this week. That is now close to pre-war levels, essentially removing a key driver (hawkish ECB repricing vs
The post Bitcoin Faces Key Resistance as Market Eyes Critical Threshold appeared on BitcoinEthereumNews.com.
Bitcoin‘s price is currently teetering just below significant technical benchmarks, attracting the attention of market watchers focused on the cryptocurrency’s long-term trajectory. Recent data highlights BTC‘s position under both the 200-day Simple Moving Average (SMA) and Exponential Moving Average (EMA), signaling a crucial resistance zone in the range of $82,000–$82,500. Continue Reading:Bitcoin Faces Key Resistance as Market Eyes Critical Threshold Source: https://en.bitcoinhaber.net/bitcoin-faces-key-resistance-as-market-eyes-critical-threshold
The 200-day Simple Moving Average (SMA) at $82,455 and the 200-day Exponential Moving Average (EMA) at $82,027 are two prominent long-term trend indicators that Bitcoin is trading narrowly below, as seen by Glassnode data. This indicates that Bitcoin is engaged in a crucial technical struggle. At the time of writing,
The post ECB’s Muller: Fast Hormuz solution needed to hold in June appeared on BitcoinEthereumNews.com.
European Central Bank (ECB) policymaker Madis Muller said on Wednesday that a fast resolution in the Strait of hormuz is needed for the ECB to hold rates unchanged in June. Regarding the economic outlook, Muller noted that the Eurozone has not fallen into stagflation and added that he doesn’t see any resons to talk about recession. Market reaction EUR/USD stays under bearish pressure following these comments and was last seen losing 0.3% on the day at 1.1705. ECB FAQs The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy for the region. The ECB primary mandate is to maintain price stability, which means keeping inflation at around 2%. Its primary tool for achieving this is by raising or lowering interest rates. Relatively high interest rates will usually result in a stronger Euro and vice v
The post EUR/USD Forecast: Consolidates as Iran risks, Fed bets support USD appeared on BitcoinEthereumNews.com.
The EUR/USD pair is seen consolidating the previous day’s heavy losses and oscillating in a narrow band, below mid-1.1700s, during the Asian session on Wednesday. Traders now seem hesitant and opt to move to the sidelines ahead of a meeting between US President Donald Trump and his Chinese counterpart, Xi Jinping. In the meantime, hotter-than-expected US consumer inflation figures released on Tuesday lifted market bets for an interest rate hike by the US Federal Reserve (Fed) in 2026. Apart from this, the diminishing odds for a US-Iran peace deal, amid disagreements over Tehran’s nuclear program and the Strait of Hormuz, continue to underpin the US Dollar (USD) and act as a headwind for the EUR/USD pair. From a technical perspective, the recent move up witnessed over the past two weeks or so has been along an upward-sloping channel. Moreover, spot prices hold above the 200-p
