Euro Technical Outlook: EUR/USD Bulls Regroup Ahead of ECB, CPI
EUR/USD is building on a rebound from trend support, with major event risk poised to test the strength of the recovery.
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Euro Technical Outlook: EUR/USD Multi-Timeframe Analysis
Euro dollar technical analysis across four time frames, where the recovery is holding and the level that would break the trend. Michael Boutros, StoneX Media Senior Market Analyst, walks through the euro dollar chart structure from the monthly down to the four hour time frame. The euro has posted a run of higher weekly closes and reclaimed its 52 week moving average, while the daily chart is still working on the 200 day moving average overhead. A European Central Bank rate decision lands first, followed by United States producer price and consumer price inflation data, the last major inputs before the Federal Reserve rate decision.
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Active Short-term Technical Charts
- US Dollar Short-term Outlook: USD Selloff Accelerates Toward August Lows Ahead of NFP
- Swiss Franc Short-term Outlook: USD/CHF Breakout Puts Yearly Highs Back in Play
- Canadian Dollar Short-term Outlook: USD/CAD Recovery Reaches Downtrend Resistance
- Australian Dollar Short-term Outlook: AUD/USD Breakout Extends to 10-Week Highs
- British Pound Short-term Outlook: GBP/USD Bulls Confront Resistance at Three-Month Highs
- Gold Price Short-term Outlook: XAU/USD Breakout Faces a Defining Test
--- Written by Michael Boutros, Senior Technical Strategist
Follow Michael on X @MBForex
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