ECB

EUR/USD is breaking down to fresh near-term lows after the European Central Bank rate decision, with the pair now working on a bear flag breakdown.

Could EUR/CHF's breakout be the blueprint for USD/CHF? Similar technical structures suggest traders should be paying close attention.

The euro continues to face difficult trading sessions in the short term. The European currency has been unable to stabilize a consistent recovery, and for now, a phase of indecision appears to be dominating its recent strength. This is reflected in the average movements of EUR/USD over the last 3 sessions, which have barely recorded an approximate price variation of 0.07%, showing a renewed neutral bias.

These remain difficult sessions for the euro in the short term. Despite the recovery attempt at the start of the week, EUR/USD is still down by a little more than 0.1% during the session and is once again trading below the 1.1400 area. This shows that the bearish bias has not fully disappeared in the short term.

EUR/USD enters H2 testing a major support zone as a more hawkish Fed outlook continues to fuel the U.S. Dollar. Can support hold or is a larger breakdown underway?

The euro is a big winner from Middle East peace not because Europe gets most of its energy from the region directly, but because Europe is one of the world’s most energy-import-dependent major economies. See what that means for EUR/USD!

As the trading week approaches its close, one of the main short-term developments is the euro’s loss of momentum. This is reflected in EUR/USD price action, with the pair down around -0.2% on the day and moving back toward the 1.15 area.

Markets expect the ECB to validate the recent significant hawkish repricing. Updated forecasts and Lagarde's tone may tell a different tale.