EUR/USD Live News

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

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Jun. 25, 2024

Weak sentiment sees Euro-Dollar posting 0.24% loss

Live - Updated 3 minutes ago.

Trading lower, the Euro is currently down 25 pips as it ranges between 1.0708 and 1.0748 so far today.

EUR/USD made an initial break below its 10 day Simple Moving Average at 1.0712, a possible indication of a forthcoming negative trend. After descending below strong Fibonacci support at 1.0716, market bears have earmarked 1.0664 as the next downside target. In contrast, Euro-Dollar could begin to recover as it approaches significant support, now 27 pips away from 1.0683. Dipping below could be an indication that further losses are ahead.

Overall, looking at the technical analysis landscape, it seems the Euro is likely to continue pointing down in the short term.

In the meantime, negative performances are seen in other pairs, after ending yesterday's session at 171.29, EUR/JPY lost 50 pips and is trading around 170.78. EUR/GBP is down to 0.8446, losing 14 pips, after closing at 0.846 in the preceding trading session.

Though Euro-Dollar has been dropping, other pairs have been performing better: having closed the previous session at 0.8926, USD/CHF is up 0.12% today to currently trade at around 0.8937.

The current year has not been the best for the Euro as it lost 72.2% from its highest point of 1.1239.

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Week to date

The Euro ends yesterday stable around 1.0711 .

Trading week at a glance - EUR/USD is up to 1.0711, after closing yesterday at zero. Overall, a 0% move or 10,710 pips this week. (Trade Euro-Dollar with FXTM now).