EUR/USD Live News

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

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Jul. 3, 2024

Mixed sentiment sees Euro-Dollar currency pair ending the session broadly flat; establishes tight 1.0735 to 1.0764 range

Live - Updated 21448 minutes ago.

The Euro goes up to 1.076, having dipped down to 1.0735 earlier.

EUR/USD could be slowing down soon as it approaches resistance at 1.0759. Of course, crossing it might suggest further gains are ahead. Although up today, early price action saw Euro-Dollar dropping below its 3 day Simple Moving Average at 1.0733 — an early indicator that a new downward trend could be emerging. Bollinger Band® analysis indicates that current price action is approaching the upper band at 1.0771, thereby suggesting that Euro-Dollar is becoming overvalued.

Technical analysis of Euro-Dollar price action suggests it is likely to undergo a short-term reversal amid broader bullish sentiment.

A look at other currencies also shows bullish price action as having closed the previous session at 173.44, EUR/JPY is up 0.35% today to currently trade at around 174.05. GBP/JPY added 0.28% to its value, now trading at 205.33. Having closed the previous session at 161.43, USD/JPY is up 0.2% today to currently trade at around 161.76.

Trading mostly sideways for 30 days. So far this year, Euro-Dollar has declined 70.9% while touching highs around 1.1239 earlier this year.

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Week to date

Euro-Dollar ends yesterday stable around 1.076 .

Trading week at a glance - EUR/USD is up to 1.076, after closing yesterday at zero. Overall, a 0% move or 10,759 pips this week. (Trade Euro-Dollar with FXTM now).