EUR/USD: 21 DMA holds key – OCBC
Source Fxstreet
Euro (EUR) traded under pressure (sub1.03 levels), OCBC's FX analysts Frances Cheung and Christopher Wong note.
Risks modestly skewed to the upside
"ECB’s Schnabel said ECB has room to lower borrowing costs but also stressed that after the steep rate cuts over the last few months, ECB is getting closer to the point where policymakers have to take a closer look at whether and to what extent they can still reduce rates."
"Daily momentum turned mild bullish while RSI rose. Risks modestly skewed to the upside. EUR bulls to regain some momentum towards 1.0440 (50 DMA). Support at 1.0240, 1.02 (recent low)."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Once again, the price of Ethereum (ETH) has risen above $3,900. This bounce has hinted at a further price increase for the altcoin before the end of the year.
After a turbulent 2025, what lies ahead for commodities, forex, and cryptocurrency markets in 2026?
Silver price corrects almost 6% to near $86.50 during the Asian trading session on Thursday.
Standard Chartered lifts Ethereum call to $7,500, arguing institutional demand could leave Bitcoin trailingStandard Chartered raised its year-end Ethereum target to $7,500 (from $4,000), citing institutional demand, while projecting $25,000 by 2028 and scenarios toward $40,000 by 2030 amid ETF- and treasury-driven accumulation.
Standard Chartered raised its year-end Ethereum target to $7,500 (from $4,000), citing institutional demand, while projecting $25,000 by 2028 and scenarios toward $40,000 by 2030 amid ETF- and treasury-driven accumulation.
Bitcoin nears two-month highs with key indicators signaling potential for further gains as it targets $101,000.
Related Instrument
