Discover the latest insights into EUR/USD trading as it faces renewed bearish pressure and drops below 1.1100. Stay informed on the impact of German inflation data and US GDP revision on the economic calendar.
EUR/USD Technical Analysis
EUR/USD broke below key levels and the RSI reflects bearish momentum. Find out the support and resistance levels to watch in this critical period.
Euro Price This Week
Check out the percentage change of Euro (EUR) against major currencies this week. Understand the market dynamics and how Euro performed against USD, GBP, JPY, and more.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.99% | 0.26% | 0.16% | -0.29% | -0.17% | -0.78% | -0.39% | |
| EUR | -0.99% | -0.77% | -0.80% | -1.26% | -1.23% | -1.74% | -1.34% | |
| GBP | -0.26% | 0.77% | -0.15% | -0.55% | -0.47% | -1.05% | -0.63% | |
| JPY | -0.16% | 0.80% | 0.15% | -0.44% | -0.25% | -0.73% | -0.45% | |
| CAD | 0.29% | 1.26% | 0.55% | 0.44% | 0.13% | -0.43% | -0.09% | |
| AUD | 0.17% | 1.23% | 0.47% | 0.25% | -0.13% | -0.52% | -0.12% | |
| NZD | 0.78% | 1.74% | 1.05% | 0.73% | 0.43% | 0.52% | 0.40% | |
| CHF | 0.39% | 1.34% | 0.63% | 0.45% | 0.09% | 0.12% | -0.40% |
Euro FAQs
Get answers to frequently asked questions about the Euro, European Central Bank, Eurozone inflation data, and more. Understand the key factors influencing the Euro and how they impact the financial markets.
Analysis Breakdown:
The EUR/USD pair is currently facing bearish pressure, dropping below 1.1100 due to soft regional inflation readings from Germany. This, combined with the upcoming US GDP revision, could further impact the currency pair’s performance. Traders should watch for key support levels at 1.1050 and 1.1000, while resistance is seen at 1.1100 and 1.1160. Understanding these technical and fundamental factors is crucial for making informed trading decisions and managing risk effectively.