Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Politics

Euro holds gains, eyes new highs as Dollar weakens

admin by admin
July 14, 2025
in Politics
0
Euro holds gains, eyes new highs as Dollar weakens
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

The euro’s recent rally against the US dollar has gathered momentum in July 2025, with EUR/USD clearing the 1.1650 barrier and advancing past the 1.1720 resistance zone.

The pair reached a high of 1.1829 on 1 July, marking its strongest level this year, before entering a consolidation phase above 1.1750. 

As of July 7, EUR/USD was quoted around 1.1780, having traded in a narrow range amid mixed sentiment and cautious positioning ahead of key US economic data.

On the technical front, the pair remains firmly above both the 100-period and 200-period simple moving averages on the four-hour chart, reflecting a sustained bullish bias.

After testing the 23.6% Fibonacci retracement of the rally from the 1.1453 swing low to the 1.1829 high, EUR/USD found support near 1.1750. Immediate resistance is observed at 1.1795, with a breakout above 1.1830 likely to open the door to 1.1850 and potentially 1.1920 in the coming sessions.

The euro’s strength is underpinned by improving economic indicators in the euro area, particularly in Germany and France. At the same time, the US dollar faces headwinds from a widening budget deficit and persistent inflationary pressures.

The Federal Reserve’s reluctance to tighten policy further has also weighed on the greenback, prompting investors to seek alternatives in euro-denominated assets.

Market participants are closely monitoring the evolving technical structure, with a short-term contracting triangle forming on the four-hour chart. If EUR/USD fails to sustain gains above 1.1795, downside risks could emerge, with support at 1.1750 and 1.1720.

A breach of these levels would expose the pair to a deeper pullback towards 1.1650.

For traders looking to capitalise on these market moves without risking personal capital, a prop firm offers an opportunity to trade with institutional resources and share in the profits, provided strict risk management criteria are met.

Elsewhere, GBP/USD has struggled to maintain upward momentum, failing to break above the 1.3800 resistance and entering a period of consolidation. This divergence highlights the euro’s relative outperformance in the current environment.

The post Euro holds gains, eyes new highs as Dollar weakens appeared first on Invezz

Previous Post

Are Pony AI US operations really up for sale?

Next Post

Nvidia’s Jensen Huang is now worth more than Warren Buffett

admin

admin

Next Post
Nvidia’s Jensen Huang is now worth more than Warren Buffett

Nvidia’s Jensen Huang is now worth more than Warren Buffett

Trending News

Earnings call: CN reports steady growth despite macro challenges

Earnings call: CN reports steady growth despite macro challenges

October 23, 2024
Canadian wholesale trade dips, retail sales hold steady in November

Canadian wholesale trade dips, retail sales hold steady in November

December 20, 2024
Asian markets close: Nikkei flat as Japan’s GDP contracts; Sensex dips 200 pts

Asian markets close: Nikkei flat as Japan’s GDP contracts; Sensex dips 200 pts

May 16, 2025
Subscribe to Insightful Word


    Recent News

    The Labubu craze: identity, status, and a ₹1.2 crore toy

    The Labubu craze: identity, status, and a ₹1.2 crore toy

    August 6, 2025
    US stocks open in the green as earnings drive stock moves: Nasdaq up 0.3%

    US stocks open in the green as earnings drive stock moves: Nasdaq up 0.3%

    August 6, 2025
    Apple to invest $100B more in US manufacturing amid tariff threats

    Apple to invest $100B more in US manufacturing amid tariff threats

    August 6, 2025
    Is Archer Aviation a good eVTOL stock to buy today?

    Is Archer Aviation a good eVTOL stock to buy today?

    August 6, 2025

    Recent News

    The Labubu craze: identity, status, and a ₹1.2 crore toy

    The Labubu craze: identity, status, and a ₹1.2 crore toy

    August 6, 2025
    US stocks open in the green as earnings drive stock moves: Nasdaq up 0.3%

    US stocks open in the green as earnings drive stock moves: Nasdaq up 0.3%

    August 6, 2025

    Latest News

    • The Labubu craze: identity, status, and a ₹1.2 crore toy
    • US stocks open in the green as earnings drive stock moves: Nasdaq up 0.3%
    • Apple to invest $100B more in US manufacturing amid tariff threats

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.