Are You Sending Money Abroad Or Looking To Exchange Currency? | ![]() |
EUR/USD gains ground above 1.0800. The major currency pair strengthens after stabilizing above the 20-day and 50-day Exponential Moving Averages (EMAs), which trade around 1.0750 and 1.0770, ...
1.0840 (Fibonacci 23.6% retracement of the latest uptrend) aligns as immediate resistance for EUR/USD. If the pair manages to clear that level and starts using it as support, 1.0900 (psychological ...
The EUR/USD forecast supports bullish sentiment. The dollar was vulnerable after a 1% loss last week on downbeat data.
With the DXY breaking its downward channel at $105, traders anticipate further dollar strength, influencing the outlook for EUR/USD and GBP/USD.
The U.S. dollar retreated in early European trade Friday ahead of the key monthly jobs report, while sterling edged higher after the result of the U.K general election. The dollar traded near two ...