EUR saw modest rebound amid USD pullback, and European PMIs surprised to the upside. Pair was last at 1.0825, OCBC’s FX analysts Frances Cheung and Christopher Wong note.
Bearish momentum on daily chart shows signs of fading
“EUR saw modest rebound amid USD pullback while prelim PMIs surprised slightly to the upside. In particular, German manufacturing, services PMIs surprised.”
“Bearish momentum on daily chart shows signs of fading while RSI rose from near oversold conditions. We still call for rebound risks.”
- British Pound steadies as cooler UK CPI meets Oil shock
- Gold Price Forecast: 3 scenarios that could define the rest of 2026
- Euro gains against British Pound as Burnham’s fiscal stance weighs
- GBP/USD Price Forecast: Tests nine-day EMA support near 1.3400
- British Pound: Rally seen fading against Euro .
Free Forex Signals 
Leave a comment