Friday, 12 September 2025
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
EUR/USD Price Forecast: Sticks to gains above 1.0400; could climb further amid weaker USD
Monday, 3 March 2025 12:19 WIB | EUR/USD |DolarEuro

The EUR/USD pair attracts fresh buyers at the start of a new week and for now, seems to have snapped a three-day losing streak to over a two-week low, around the 1.0360 area touched on Friday.

The momentum lifts spot prices further beyond the 1.0400 mark during the Asian session and is sponsored by a weaker US Dollar (USD).

From a technical perspective, the EUR/USD pair showed some resilience below the 50% Fibonacci retracement level of the rally witnessed in February. The subsequent move above the 38.2% Fibo. level suggests that the pullback from the 1.0525-1.0530 area, or a one-month high touched last week, has run its course.

The said area represents the 100-day Simple Moving Average (SMA) and should act as a key pivotal point for short-term traders.

Meanwhile, oscillators on the daily chart are yet to confirm a positive bias and warrant some caution for bullish traders amid worries about US President Donald Trump's tariff plans.

Nevertheless, the EUR/USD pair still seems poised to climb further towards the 1.0450 horizontal support breakpoint, now turned resistance, which coincides with the 23.6% Fibo. level. A sustained strength beyond could lift spot prices to the 1.0500 psychological mark.

Source: FXStreet

RELATED NEWS
EUR/USD Trims Gains, Dollar Strengthens with US Consumer Sentiment Monitored...
Friday, 12 September 2025 17:30 WIB

The EUR/USD pair lost ground early in the European session and retreated to levels near 1.1700, amid volatile and volatile trading on Friday. Comments from ECB official Olly Rehn, who warned of downsi...

EUR/USD Traded Flat Ahead Of The ECB Monetary Policy Decision And US CPI Data ...
Thursday, 11 September 2025 15:48 WIB

The EUR/USD pair recorded a slight decline on Thursday (September 11th), trading at 1.1695, but remained within the previous day's narrow range at the start of the European session. Investors were rel...

EUR/USD Strengthens Against A Weakening Dollar As Us Payrolls Revised ...
Tuesday, 9 September 2025 15:28 WIB

EUR/USD recorded a slight gain at 1.1760 after a two-day rally on Tuesday. The US dollar remained on the defensive as investors anticipated a sharp downward revision to US employment figures, although...

EUR/USD Maintains Its Gains With Focus On French Political Crisis ...
Monday, 8 September 2025 16:09 WIB

The EUR/USD pair strengthened, trading near 1.1715 at the open of the European session on Monday (September 8th). The common currency received support from a weakening US dollar following Friday's poo...

EUR/USD holds steady near 1.1650 ahead of US PMI data...
Friday, 5 September 2025 04:27 WIB

EUR/USD trades marginally lower on the day at around 1.1650 on Thursday. The data from the US showed that private sector payrolls rose 54,000 in August, missing the market expectation of 65,000 and he...

LATEST NEWS
Michigan Consumer Sentiment Index Expected to Weaken Further in September

The University of Michigan (UoM) is expected to release the preliminary reading of its monthly Consumer Confidence Index for September on Friday. This survey captures US consumers' views on their personal finances, business conditions, and...

Oil Prices Rise as Ukrainian Drone Strikes Hit Key Russian Baltic Hubs

Oil prices continued their rally amid growing concerns that Ukrainian drone attacks could disrupt oil flows through Russia's two most important crude export hubs on the Baltic coast. Brent crude rose above $67 per barrel, after falling 1.7% on...

Gold Nears Record, Market Pins Hopes on the Fed

Global gold prices strengthened on Friday (September 12th), with the last price recorded at $3,648 per ounce. This strengthening was driven by growing expectations of an interest rate cut by the Federal Reserve next week, after US labor market data...

POPULAR NEWS
Fed seen on course for rate cuts after PPI data
Thursday, 11 September 2025 01:30 WIB

The Federal Reserve is likely to start a series of interest-rate cuts next week and keep going through the end of the year, traders bet on Wednesday...

IMF says Fed has scope to lower interest rates
Friday, 12 September 2025 01:38 WIB

The International Monetary Fund on Thursday said the Federal Reserve has scope to lower interest rates because of the weakening U.S. labor market,...

Breaking News: US Annual PPI Inflation Falls to 2.6% in August, Compared to an Expected 3.3%
Wednesday, 10 September 2025 19:39 WIB

Producer inflation in the United States, as measured by the change in the Producer Price Index (PPI), fell to 2.6% annually in August from 3.3% in...

US Nonfarm Payrolls benchmark revision points to 911,000 decrease in March 2025 level of employment
Tuesday, 9 September 2025 21:13 WIB

The US Bureau of Labor Statistics reported on Tuesday that the preliminary estimate of the Current Employment Statistics (CES) national benchmark...