introduction Euro FX Futures (6E) have surged lately as the Dollar strength diminishes. The recent move is supported by both technical strength and fundamental catalysts, with the euro gaining momentum against the dollar. As of today, Euro futures are trading at 1.07090, up +0.95%, showing a strong bullish breakout above the 1.06305 resistance level. The Read More…
Tag: Euro (6E) futures
Euro holding above support—breakout or another rejection?
Introduction The Euro FX futures (6E) continue to trade above support, holding gains after forming a bullish divergence at the lows. Price remains in a short-term recovery phase, but the 1.0580 – 1.0630 resistance zone and the 100-day VWMA (1.0581) are capping upside momentum. As of today, 6E is trading at 1.04585, up +0.19%, with Read More…
Euro FX futures (6E) sell-off deepens as Dollar strengthens on Trump policies
Introduction Euro FX futures (6E) are continuing their downtrend. The latest decline follows a sharp rejection from the 1.06305 resistance zone, which had previously acted as support before turning into resistance. The primary catalyst for this move remains the rallying U.S. dollar, fueled by economic optimism surrounding President Trump’s fiscal and trade policies. Fundamental drivers Read More…
Euro continues to dip
Introduction The Euro FX futures (6E) continue to struggle against a strengthening U.S. dollar, with price currently trading at 1.04395. The primary driver of the euro’s weakness is persistent dollar strength, fueled by hawkish Federal Reserve policy expectations and renewed investor confidence in the U.S. economy. The euro attempted a rebound from recent 2025 lows Read More…
Euro FX Futures (6E) Technical Analysis – December 18, 2024
Chart OverviewEuro FX Futures (6E) remain under pressure as the Dollar continues to rise. The Euro has been held at the support zone at 1.063 after the Trump victory rally of DXY. Weak momentum, confirmed by a declining RSI, raises the likelihood of further downside if bulls cannot push prices back into the prior range. Read More…
Is the Euro in trouble? Technical analysis points bearish
Chart OverviewThe Euro is under significant pressure as the U.S. Dollar strengthens on the back of Donald Trump’s presidential victory. The heightened demand for the dollar has sent the Euro tumbling into a critical support zone at 1.06305. Can the Euro hold this support line, or if further declines are on the horizon. Let’s break Read More…