Can the EURUSD hold key intraday support
The US Dollar was bearish against all of its major pairs on Monday. Here is a look at today's biggest mover.
Share this:
The US Dollar was bearish against all of its major pairs on Monday. Here is a look at today's biggest mover.
On the economic data front, the Institute for Supply Management's Non-Manufacturing Index rose to 57.1 on month in June (50.2 expected), from 45.4 in May.
On Tuesday, the Bureau of Labor Statistics' U.S. Job Openings for May is expected to fall to 4,500 on month, from 5,046 in April.
The Euro was bullish against all of its major pairs. In Europe, on the statistical front, in the Euro-Zone, retail sales rebounded in May by 17.8%, more than expected, after falling by 12.1% the previous month (revised from -11.7%). On the other hand, the Sentix Euro-Zone Investor Sentiment Index rose less than expected from -24.8 in June to -18.2 in July. In Germany, industrial orders rebounded by 10.4% in May (less than the +15% expected), after a 26.2% drop in April (revised from -25.8%). On the other hand, the PMI construction index rose to 41.3 in June from 40.1 in May. In Great Britain, the PMI Construction Index rebounded to 55.3 in June after reaching 28.9 in May. It was expected to reach 46.0.
The Australian dollar was bullish against most of its major pairs with the exception of the EUR.
Looking at the most active currency pair movers, the EUR/USD gained 59 pips to 1.1307 in Monday's trading. The EUR/USD posted a nice rally all the way up to the 1.134 area before pulling back slightly. As long as 1.1303 overlap support holds, look for a retest of today's high at 1.1345. A break below could cause a correction down towards the 1.1275 support area.
Source: GAIN Capital, TradingView
The US Dollar was bearish against all of its major pairs on Monday. Here is a look at today's biggest mover.
On the economic data front, the Institute for Supply Management's Non-Manufacturing Index rose to 57.1 on month in June (50.2 expected), from 45.4 in May.
On Tuesday, the Bureau of Labor Statistics' U.S. Job Openings for May is expected to fall to 4,500 on month, from 5,046 in April.
The Euro was bullish against all of its major pairs. In Europe, on the statistical front, in the Euro-Zone, retail sales rebounded in May by 17.8%, more than expected, after falling by 12.1% the previous month (revised from -11.7%). On the other hand, the Sentix Euro-Zone Investor Sentiment Index rose less than expected from -24.8 in June to -18.2 in July. In Germany, industrial orders rebounded by 10.4% in May (less than the +15% expected), after a 26.2% drop in April (revised from -25.8%). On the other hand, the PMI construction index rose to 41.3 in June from 40.1 in May. In Great Britain, the PMI Construction Index rebounded to 55.3 in June after reaching 28.9 in May. It was expected to reach 46.0.
The Australian dollar was bullish against most of its major pairs with the exception of the EUR.
Looking at the most active currency pair movers, the EUR/USD gained 59 pips to 1.1307 in Monday's trading. The EUR/USD posted a nice rally all the way up to the 1.134 area before pulling back slightly. As long as 1.1303 overlap support holds, look for a retest of today's high at 1.1345. A break below could cause a correction down towards the 1.1275 support area.
Source: GAIN Capital, TradingView
The complete CFD trading experience
Award-winning platforms, competitive spreads, low commissions and dedicated support.
We live and breathe the markets and are dedicated to helping traders realise their ambitions as we continue to set the industry bar.
Economic calendar
Web Trader platform
Our sophisticated web-based platform is packed with features.
Related articles
USD into a Massive Week as Yields Fly and Gold Breaks
It’s a huge week with PCE and NFP, but it’s what’s happening off of the calendar that demands attention with US yields flying to fresh multi-decade highs.
USDJPY Forecast Intervention Fears Clash with Dollar Strength
Recent trading sessions have produced mixed results for the Japanese yen. By the end of last week, USD/JPY had fallen by more than 1.00%, reflecting a modest recovery in the yen. However, the start of this week has seen the pair move slightly back in favor of the U.S. dollar, posting gains of around 0.04%.
AUD/USD forecast: Currency Pair of the Week | September 28, 2026
The week has started with stocks, gold, silver and bitcoin all falling, as crude oil rebounded and bond yields pushed further higher. Trump refusing to agree to Tehran’s proposal to re-open the Strait of Hormuz has left the markets disappointed. Still, reports that mediators are expected to hold talks with the two sides on an amended version of the 7-day proposal that Iran presented, keeps hopes alive that we may see some progress.
StoneX Europe Ltd may make third party material available on this website which may contain information included but not limited to the conditions of financial markets. The material is for information purposes only and does not contain, and should not be construed as containing, investment advice and/or investment recommendation and/or an investment research and/or an offer of or solicitation for any transactions in financial instruments; any decision to enter into a specific transaction shall be made by the client following an assessment by him/her of their situation.
StoneX Europe Ltd makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied. You should always seek independent advice as to your suitability to speculate in any related markets and your ability to assume the associated risks, if you are at all unsure. We are not under any obligation to update any such material. Any opinion made may be personal to the author and may not reflect the opinion of StoneX Europe Ltd.