EUR/USD Live News

This page provides live coverage and news analysis on the EUR/USD currency pair

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Jan. 28, 2021

The Euro moved to 1.2105 ahead of the United States GDP today at 1:30 PM

Live - Updated 42 minutes ago.

The United States' GDP is next.

As the market gets ready for data release – The Australian dollar broke through the 0.7628 support line, and dropped 10 pips below it. The Euro/Yen is eyeing the 125.2 support line. The Swiss franc is eyeing the 0.8783 support line.

Euro/Dollar technical analysis picture ahead of data: The Euro/Dollar resistance level is at 1.2308. At 1.2116, Euro made an initial breakout above the 50 day Simple Moving Average, an indication of a positive trend. The lower Bollinger band is at 1.2048, indicating a positive move might be next. Overall, looking at the technical analysis landscape, it seems the Euro might start pointing upward in the short term.

Earlier data released related to Euro/Dollar – Italy 10-Year BTP Auction was released today at 10:45 AM with a figure of 0.65, This is better than the previous number of 0.59. The United States's Interest Rate published yesterday at 7:00 PM came out at 0.25. The indicator value matched both the projected value and the previous data of 0.25.

Coming up for Euro/Dollar – Germany Unemployment Change is expected to decline to 6,000 when its preceding data was -37,000, Data will be available tomorrow at 9:00 AM. French Consumer Spending is projected to outperform the last figure with 19, while it previously stood at -18.9, data will be released tomorrow at 6:30 AM.

Euro social media highlights:

Jan. 27, 2021

The Euro/Dollar down to 1.2064, The last time it was this low was 8 weeks ago.

(22:00) GMT

After opening at 1.2168, EUR/USD dropped to its lowest point in 8 weeks at 1.2064. It later recovered 51 pips and is now trading at 1.2115.

This downslide might be related to financial indicators data published earlier as United States Crude Oil Inventories fell short of the 430,000 projections, to -9.91 million and continued its downward trajectory from the previous figure of 4.35 million.

Meanwhile, French Jobseekers Total released today at 11:00 AM is better than expected at 3.59 million but down from preceding data of 3.59 million according to new data. Data for Germany 10-Year Bund Auction was released today at 10:40 AM and suggests a downwards trend of -0.54, while previous data was -0.52.

The Chart visual study suggests the Euro's resistance level is at 1.2308. In terms of trend indicators, we can see that at 1.2116, Euro made an initial breakout below the 50 day Simple Moving Average, an indication of a negative trend. Asset volatility analysis shows that a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at 1.2055 – a low enough level to usually suggest the Euro/Dollar is trading below its value.

Overall, technical indicators suggest the Euro/Dollar has no obvious direction for the immediate future.

Also today, New-Zealand Dollar made its largest single-day drop (76 pips) since September 2020. The Australian dollar made its largest single-day drop (73 pips) since October 2020. Dollar/Swiss is eyeing the 0.8783 support line. The Euro/Yen is eyeing the 125.2 support line.

The market will keep its eye on the following upcoming macroeconomics indicators: Germany's Consumer Price Index is projected to decline to 0.4 while the previous data was 0.5, Data will be released tomorrow at 1:00 PM. Euro Zone ECB's Schnabel speech is scheduled to come out tomorrow at 5:15 AM. Euro Zone ECB's Enria speech is scheduled for tomorrow at 8:00 AM. The Italian 10-Year BTP Auction is expected tomorrow at 11:00 AM.

Euro social media highlights:

Jan. 26, 2021

Euro up 19 pips, trading around 1.2164

(22:00) GMT

After it started the day at 1.2145 EUR/USD went up to 1.2179 only to drop back, yet still traded positively overall and closed at 1.2164.

The Euro green move takes place amid mixed market indicators – Germany's Business Climate Index published yesterday at 9:00 AM came out at 90.1, falling short of the 91.8 projections and continuing its decline from the previous 92.2 figure.

At the same time, German Business Expectations published yesterday at 9:00 AM came out at 91.1, falling short of the 93.2 projections and continuing its decline from the previous 93 figure. Germany's Current Assessment (Jan) fell short of the 90.6 projections, with 89.2 and continued its downward trajectory from the previous figure of 91.3.

In the meantime, the Kiwi is eyeing the 0.7155 support line. The Aussie/Dollar is eyeing the 0.7628 support line.

The nearest resistance level is at 1.2308. At 1.2145, Euro made an initial breakout above the 10 day Simple Moving Average. The lower Bollinger band is at 1.2062, indicating further gains might be next. Overall, looking at the technical analysis landscape, it seems the Euro/Dollar pretty hot and might continue pointing upward in the short term.

The market is looking forward to Germany's GfK Consumer Climate (Feb) expected to decline to -7.9, while its preceding data was -7.3, Data will be available tomorrow at 7:00 AM. France Jobseekers Total is expected tomorrow at 11:00 AM. The German 10-Year Bund Auction is expected tomorrow at 10:40 AM.

Jan. 25, 2021

Euro nudges to 1.2149 after starting the day at 1.2174 (down 0.21%)

(22:00) GMT

Light red but with no obvious direction, EUR/USD traded at 1.2149 after ranging between 1.2188 and 1.2121.

This downslide might be related to financial indicators data published earlier as Germany's Business Climate Index fell short of the 91.8 projections, at 90.1 and continued its downward trajectory from the previous figure of 92.2.

Meanwhile, Germany Business Expectations fell short of the 93.2 projections, to 91.1 and continued its downward trajectory from the previous figure of 93. Germany's Current Assessment (Jan) fell short of the 90.6 projections, with 89.2 and continued its downward trajectory from the previous figure of 91.3.

Also today , Dollar/Swiss is eyeing the 0.8783 support line. The New-Zealand Dollar is eyeing the 0.7254 resistance line.

The Euro/Dollar broke through the 1.2165 support line and dropped 16 pips below it. At 1.2145, Euro made an initial breakout below the 10 day Simple Moving Average. The lower Bollinger band at 1.2065, indicating a positive correction might be next. Overall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems further drawbacks may be next for Euro

The market will be looking forward to the upcoming release of the following indicators: United States Consumer Confidence is projected to outperform the last figure with 89, while it previously stood at 88.6, figure will be published tomorrow at 3:00 PM. United States S&P/CS HPI Composite – 20 n.s.a. (YoY) (Nov) projected to outperform last figure with 8.1 while it previously stood at 7.9, data will be released tomorrow at 2:00 PM. The United States API Weekly Crude Oil Stock is scheduled to come out tomorrow at 9:30 PM.