The Euro enjoyed a resurgence since the start of the month and continued to build gains last week. Economists at Société Générale analyze EUR/USD outlook.
1.0750 is likely to provide support
EUR/USD has recently crossed the upper limit of a small base denoting a regain of upward momentum. This is also highlighted by daily MACD which has entered positive territory. The pair has now also reclaimed its flattish 200-DMA. These signals point towards potential upside.
The pair is inching towards 1.0960, the 61.8% retracement from July. An initial pullback could take shape however pivot high near 1.0750 is likely to provide support. Beyond 1.0960, next hurdle is expected to be at graphical levels of 1.1065/1.1080.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
Bitcoin rallies closer to $120,000 milestone, setting a new high
Bitcoin breaks above the key milestone level on Friday, setting a new all-time high of $119,999, with no signs of slowing. The technical outlook supports further gains as momentum indicators remain robust and price action firmly in price discovery mode, with the next potential target above $130,000.
AUD/USD stays pressured toward 0.6550 after Chinese Trade Balance data
AUD/USD holds losses toward 0.6550 in the Asian session on Monday. The higher-yielding Australian Dollar weakens after US President Donald Trump steps up fresh tariff threats, undermining risk sentiment. The pair fails to find any inspiration from the mixed Chinese Trade Balance data as the US Dollar rebounds.
USD/JPY eases from multi-week highs near 147.60
USD/JPY retreats from a three-week high of 147.57 touched earlier this Monday amid worries that US President Donald Trump's trade tariffs would complicate the Bank of Japan's path to policy normalization. The domestic political uncertainty ahead of the July 20 upper house election could undermine the Japanese Yen, cushioning the pair's downside.
Gold confronts key 23.6% Fibo resistance ahead of US inflation test
Gold price has come under renewed selling pressure as buyers fail to sustain at higher levels early Monday. Traders gear up for an action-packed week amid looming trade war risks.
Meme coins to watch as Bitcoin hits record high
Meme coins Bonk, Dogwifhat, and Floki are positioned to extend gains as the weekly recovery reaches crucial resistance levels. The meme coins gain bullish momentum on the back of Bitcoin’s (BTC) recovery run, hitting a new all-time high on Thursday.
Best Brokers for EUR/USD Trading
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.