- The euro corrects recent rise at the end of the week.
- The dollar gains momentum and advances after two sharp falls.
- EUR/USD falls almost a hundred pips from the daily high.
EUR/USD is falling on Friday and threatens to end the recovery that was underway. The pair hit daily lows below 0.9760 and remains in a negative tone ahead of the American session as the dollar strengthens.
hours ago, EUR/USD hit as high as 0.9852, the highest level in a week. After failing to stabilize above 0.9835, it lost momentum. Recently fell to 0.9753, a new daily low.
The decline occurs before a general strengthening of the dollar in the market. The DXY up 0.63% on the day. This despite the fact that Treasury bond yields have fallen. In Europe, the decline in yields is becoming more significant, putting downward pressure on EUR/USD.
Eurozone inflation hit 10% in September from 9.1% and beat market expectations of 9.7%. The figures did not generate major surprises considering that on Thursday those from Germany had shown a similar picture. This further affirms expectations of further monetary tightening by the European Central Bank. In another report it was known that the unemployment rate in August remained at 6.6%.
In the US, the personal income and spending report will be published on Friday, which includes the price index for personal consumption spending. The latter is a measure of inflation closely watched by the Federal Reserve. In addition, the Chicago PMI for September and the final consumer confidence report for September from the University of Michigan will be published.
Technical levels
EUR/USD
Overview | |
---|---|
Today last price | 0.9764 |
Today Daily Change | -0.0052 |
Today Daily Change % | -0.53 |
Today daily open | 0.9816 |
trends | |
---|---|
Daily SMA20 | 0.9901 |
Daily SMA50 | 1.0039 |
Daily SMA100 | 1.0251 |
Daily SMA200 | 1.0663 |
levels | |
---|---|
Previous Daily High | 0.9816 |
Previous Daily Low | 0.9636 |
Previous Weekly High | 1.0051 |
Previous Weekly Low | 0.9668 |
Previous Monthly High | 1.0369 |
Previous Monthly Low | 0.9901 |
Daily Fibonacci 38.2% | 0.9747 |
Daily Fibonacci 61.8% | 0.9705 |
Daily Pivot Point S1 | 0.9696 |
Daily Pivot Point S2 | 0.9576 |
Daily Pivot Point S3 | 0.9515 |
Daily Pivot Point R1 | 0.9876 |
Daily Pivot Point R2 | 0.9936 |
Daily Pivot Point R3 | 1.0056 |
Source: Fx Street

With 6 years of experience, I bring to the table captivating and informative writing in the world news category. My expertise covers a range of industries, including tourism, technology, forex and stocks. From brief social media posts to in-depth articles, I am dedicated to creating compelling content for various platforms.