[EUR/USD] ECB Further Rate Cut
At the ECB (European Central Bank) meeting held yesterday, as expected, the policy interest rate was cut by 0.25%, bringing it to 3.4%. In the statement, it was mentioned that …
[EUR/USD] ECB Meeting and U.S. Long-Term Interest Rates
Yesterday, the euro reached $1.0901 ahead of the ECB (European Central Bank) meeting. However, the euro faced resistance and fell back to $1.0854, dropping below the 200-day moving average. This …
[EUR/USD] Before the ECB Meeting
Yesterday, Germany’s October ZEW Economic Sentiment Index was announced at 13.1, higher than the expected 10.0, which caused the euro to rise. However, since U.S. long-term interest rates had already …
[EUR/USD] Adjustment Before ECB Meeting
Yesterday, even though both the U.S. and Japan had holidays, the euro continued to struggle to rise. With expectations of a rate cut at the upcoming ECB (European Central Bank) …
[EUR/USD] ECB Meeting and U.S. Long-Term Interest Rates
The EUR/USD exchange rate dropped below the neckline of $1.10, forming a double top around the early $1.12 range.Last week, U.S. long-term interest rates increased, leading to more dollar buying, …
[EUR/USD] More Rate Cut Comments
Yesterday, central bank governors from France, Slovakia, and Latvia stressed that the chances of a rate cut at the next European Central Bank (ECB) meeting are high. After reaching a …
[EUR/USD] Is the Pullback Over?
After falling below the neckline at 1.1 dollars, the EUR/USD (euro/dollar) rate experienced some buying and recovered to 1.0997 dollars yesterday. However, it couldn’t rise above the neckline and has …
[EUR/USD] Breaks Below Key Support Line
Last week, the euro had trouble rising against the dollar due to fading expectations of a big interest rate cut by the U.S. Federal Reserve and increasing chances of a …