- EUR / USD price analysis shows growing economic and monetary policy between the United States and the eurozone.
- Participants in the price market price 92.1% chance that the September price is cut.
- Traders pay attention to Trump and Powell conflict.
EUR / USD price analysis shows growing economic and monetary policy between the United States and the eurozone. Employment data on Friday found that the American economy slowed significantly due to the larger tariff. Meanwhile, the trade agreement between the US and the EU raised the prospects of the eurozone economy.
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After the report on Friday, the participants in the price market price 92.1% chance that the Fed will reduce the rates in September. Meanwhile, Goldman Sachs predicts three Rate cuts before the end of the year. Such an outcome may strive on the dollar.
On the other hand, the European Central Bank paused its harmonized cycle after almost reached inflation goals. This means that in the future is less reduction in the rate. At the same time, indirect work last week between the United States and the EU means that the eurozone economy can recover.
This growing divergence can put pressure on the dollar and allow euros to climb.
Meanwhile, traders also pay attention to Trump and Powell conflict. An unexpected governor resignation created a gap that could allow the trust to make changes.
EUR / USD Key events Today
EUR / USD Technical price Analysis: Bulls Pause to return after SMA Pause
On the technical page, EUR / USD price is pulled after a recent rally in addition to 30th resistance. However, the price remains above the SMA, with RSI above 50, suggesting a bikovska bias. Therefore, the move may only be subclosed.
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The bulls were taken over when the previous drop in pauses at the support level of 1,1400. Here, the price made a solid bike candle sent by EUR / USD above the 30th. However, the meeting was paused when it received a level of 1,1600 key resistance. As a result, the price pulled back.
If the bulls are still stronger, the withdrawal will pause on the 30ths, allowing EUR / USD to reset the resistance level of 1,1600. The break above this level will clear the road to the level of resilience at 1,1750. On the other hand, if the Bear Moment returns, the price will be terminated below SMA to restart 1,1400 support.
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