Germany’s January ZEW economic index was 26.0, much higher than the expected 20.0, marking the biggest increase in two years. This stopped the euro’s decline in the Tokyo market.
However, after the holiday, U.S. long-term interest rates rose in the New York market, causing the euro to fall again. The euro dropped to 1.0436, and it remains difficult for the euro to rise.
Negotiations between U.S. and Russian officials to end the Ukraine war have started, but no clear results were achieved. This created uncertainty, leading to more euro selling.
Additionally, concerns about Trump’s tariffs and the upcoming German election this weekend may continue to put pressure on the euro.
Euro-Dollar Price Range Forecast: 1.0520 – 1.0400
Note: This information does not guarantee profits. Please make your own decisions when trading.