EUR/USD remains capped below 1.1570 despite US Dollar’s weakness

EUR/USD remains capped below 1.1570 despite US Dollar’s weakness

The Euro (EUR) is trading higher against the US Dollar (USD) on Monday, favoured by a moderate improvement in market sentiment, amid news of a potential ceasefire in the Iran war. The pair bounced up from session lows at 1.1505, but has been unable to extend gains beyond 1.1570 so far, and remains trapped within […]

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 […]