EUR/USD Live News

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

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Apr. 16, 2021

Euro/Dollar goes back up to Mar 3 levels, reaching 1.1995

(23:00) GMT

After opening at 1.1966, EUR/USD reached 1.1995, breaking a 6 week record. Later, it lost 12 pips and is now trading at 1.1982. (Start trading Euro/Dollar at FXTM today).

The Euro/Dollar green move comes while some more encouraging signs are out as the Euro Zone Consumer Price Index matches expectations with a new data release of 1.3. This is also a step forward from the previous data of 0.9. Data for United States Building Permits released today at 12:30 PM came out at 1.77 million, beating projections of 1.75 million and showing improvement over the preceding figure of 1.72 million.

More data out yesterday as Euro Zone Core Consumer Prices matched expectations with a new data release of 0.9. This is a step backward from the previous data of 1.1.

As the day reaches an end, a chart visual study suggests the Euro/Dollar nearest support level is at 1.1718. In terms of trend indicators, we can see that the CCI indicator is above 100. When the CCI (Commodity Channel Index) is at this level, it means the price is above the average price as measured by the indicator, indicating a possible start of a new uptrend. Asset volatility analysis shows that the upper Bollinger band is at 1.2021, This is a slight indication of a slowdown.

Overall, the technical analysis suggests the Euro is neutral for the immediate future, with no clear-cut direction.

A look at other markets also shows green moves as the Dow Jones climbs to a new all-time high at 34,257. A new all-time high for S&P as it reaches 4,187.

At the same time, for the first time in 7 weeks, Euro/Pound rose above the 0.87 level.

Other assets are showing mixed performances as USD/HKD trades around 7.7715, with no major change.

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Week to date

Euro/Dollar hits 1.1995, highest rate in 6 weeks .

EUR/USD spikes to 1.1982 gaining 84 pips. (Start trading Euro/Dollar at FXTM today).

The uptick comes while some more positive signs for the Euro/Dollar are out as the Euro Zone Consumer Price Index matches expectations with a new data release of 1.3. This is also a step forward from the previous data of 0.9. United States Building Permits came out at 1.77 million, above the estimate of 1.75 million. This is also a step forward from the previous data of 1.72 million.

A look at other markets also shows green moves as the Euro/Yen rallies beyond 130.63 for the first time in 2 years. The New-Zealand Dollar made its largest weekly jump of 105 pips(0.34%) since November 2020.

At the same time, Yen made its largest weekly gain of 104 pips (0.04%) since November 2020. The GBP/NZD made its largest weekly gain of 285 pips (0.75%) since December 2020. GBP/CAD hits a 4 month low, as it drops to 1.697