Symmetrical Triangle formation near bottom triggers reversal hopes

Symmetrical Triangle formation near bottom triggers reversal hopes

The EUR/USD pair trades 0.4% higher to near 1.1560 during the European trading session on Monday. The major currency pair strengthens as market sentiment turns favorable toward riskier assets, such as the Euro (EUR), following confirmation from Iran that it has received the United States’ (US) ceasefire proposal through Pakistan. An improvement in investors’ risk […]

EUR/GBP eases to levels near 0.8700 amid mild risk-off markets

EUR/GBP eases to levels near 0.8700 amid mild risk-off markets

The Euro (EUR) is trading lower against the British Pound (GBP) on a calm week opening, with most markets closed on Easter Monday, and markets wary of risk, amid greater concerns about an escalation of the war in Iran. The pair is trading at 0.8720 at the time of writing, down from session highs at […]

EUR/JPY remains below 184.00 as traders price in BoJ rate hike odds

EUR/JPY remains below 184.00 as traders price in BoJ rate hike odds

EUR/JPY moves little after registering modest losses in the previous trading day, hovering around 183.80 during the Asian hours on Monday. The currency cross may extend its decline as the Japanese Yen (JPY) strengthens on growing expectations that the Bank of Japan (BoJ) will tighten policy in April to counter rising inflation driven by higher […]