EURUSD - EUR/USD Outlook: Defensive Near 1.1600 Ahead of HICP, Employment Data
02-12-2025 01:58
The EUR/USD price remains flat near 1.1610 on Tuesday’s European session, after reaching a 2-week top near 1.1650 on Monday.
EUR/USD hovers near highs awaiting Eurozone Inflation data
EUR/USD is practically flat on Tuesday, trading at 1.1610 at the time of writing, after retreating from two-week highs above 1.1650 the previous day.
EUR/USD Forecast: Bulls await Eurozone HICP and breakout through 100-day SMA
The EUR/USD pair attracts some dip-buyers following the overnight pullback from a two-week high and holds steady above the 1.1600 mark through the first half of the European session on Tuesday.
US Dollar Price Forecast: Declines Ahead of ADP and PCE Data — GBP/USD and EUR/USD
The US Dollar weakens as ISM PMI falls to 48.2, boosting Fed rate cut bets and shifting near-term outlook for DXY, GBP/USD, and EUR/USD.
Nasdaq 100 bid while EUR/USD, WTI capped by resistance
The Nasdaq 100 remains bid on Fed rate cut hopes and would eye the 25,650 region on a rise above Monday's 25,443 high. Minor support is seen along the 55-day simple moving average (SMA) at 24,971.
