fxs_header_sponsor_anchor

Analysis

EUR/USD: Euro remains steady near 1.0300 level with bets on Euro reactions still in play

EUR/USD: Euro remains steady near 1.0300 level with bets on Euro reactions still in play

The single European currency remains stable near 1,03 levels in a balanced environment after yesterday's new mild losses.

The concerns about the ability of the European currency to show something better than the usual reactions remains on the table with the main catalysts that have influenced the European currency in recent months remaining high on the agenda.

Geopolitical risks, despite the latest developments with the expected agreement between Israel and Hamas, remain high with the Ukrainian front showing no signs of de-escalation. 

At the same time, the interest rate differential that remains clearly in favor of the US dollar, the course of the European economy that raises concerns, and the possible political instability in Germany certainly do not help the prospects of the European currency and its effort to develop a sustained upward momentum.

However, the already low prices at which the exchange rate is located, with the 1/1 level not too far away, makes investors hesitant to remain with large bets in favor of the US dollar, with the reactions of the European currency proving to be a good bet, confirming my thoughts as they have been reflected in previous articles.

Today's agenda included Germany's consumer price inflation figures, which showed no surprises, while later in the day, on the other side of the Atlantic, retail sales and weekly jobless claims stand out.

As I mentioned above, my thoughts on betting in favor of the European currency's reactions turned out to be a  good idea, so i prefer to keep the same thoughts, hoping to reposition in favor of the euro on a new dip near the recent lows.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2025 FOREXSTREET S.L., All rights reserved.