EUR/USD is losing ground for the first time in more than a week. US dollar rises marginally across the board, remains under pressure. The EUR/USD pair is falling modestly on Tuesday. After dropping to 1.1697, it bounced to the upside, trimming losses. Over the last hours, it has been moving between 1.1740 and 1.1705. The euro is about to post the first daily loss against the US dollar in more than a week. The greenback rose modestly in the market. The DXY is up modestly, hovering around 93.60, after reaching earlier 94.00. The recovery of the US dollar looks vulnerable and like a normal correction after losing ground significantly over a few days. On Wednesday, the Federal Reserve will announce its decision on monetary policy. No change is expected but the statement and the forward guidance could influence the dollar. Regarding the euro, it lost strength after an acceleration of the bearish correction in EUR/GBP that kept EUR/USD limited below 1.1750. The trend in EUR/USD is still positive and even a sharper slide would be seen as normal. On Monday, EUR/USD posted the highest daily close since September 2018. So far on Tuesday, for the first time in weeks, the pair did not reach new cycle highs. “EURUSD continues to hold just below 1.18. That marks key multi-year trend resistance. While positioning and valuations are not a catalyst for reversal, they may begin to bite at that technical threshold. That said, EURUSD’s rally since the EU Recovery Fund is reminiscent of the melt-up in 2017 (post-Macron election)”, explained analysts at TD Securities. Technical levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next S&P 500 top movers: Cruise liner shares post strong gains, NOV slides on dismal outlook FX Street 3 years EUR/USD is losing ground for the first time in more than a week. US dollar rises marginally across the board, remains under pressure. The EUR/USD pair is falling modestly on Tuesday. After dropping to 1.1697, it bounced to the upside, trimming losses. Over the last hours, it has been moving between 1.1740 and 1.1705. The euro is about to post the first daily loss against the US dollar in more than a week. The greenback rose modestly in the market. The DXY is up modestly, hovering around 93.60, after reaching earlier 94.00. The recovery of the US dollar looks vulnerable… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
