The EUR/USD Struggle for Direction in the 1.0070/80 Band as the Greenback Soars in Multi-Week Highs Near 107.70.


Reactions and price action around the EUR remain subdued, motivating the EUR/USD to keep business in the lower end of the recent range in the 1.0070/80 band on Friday.

The EUR/USD is failing to gather upward momentum rallies in the lower end of the weekly range following Thursday’s sharp pullback. As always, it is against the backdrop of the firm sentiment surrounding the US dollar.

The US yields, following the Dollar’s buoyant mood, has managed to resume their uptrend across the curve, simultaneously with the recent hawkish comments from Fed officials.

In line with the rest of the global money markets, German 10yBund yields trade at multi-week highs and approach the 1.20% region.

The euro area also saw German Producer Prices rise to the upside by 5.3% in July and 37.2% over the last twelve months. The Current Account surplus came at €3.24B in June.

The EUR/USD currency pair also seems to be supported near 1.0070 in the wake of the intense weekly pullback. Currently, the Euro’s price action is expected to closely follow dollar dynamics, geopolitical concerns, fragmentation worries, and the Fed-ECB divergence.


Leave a Reply

Important Link

Fund Your Deriv Account
Withdraw Funds to Your Local Currency
VIP Trading Signals
Learn To Trade

Contact Us

Follow Us


Forex, Crypto, Options, and Binary Options have both large potential rewards and large potential risks. Therefore, before investing or trading any of the assets, ensure you are aware of and willing to accept the accompanying risks. Do not trade money you cannot afford to lose.

All Rights Reserved. None of the content of this website can be published elsewhere by any means without the prior consent of the owner(s). Please, check our terms & conditions and privacy policy before continuing to use this website.

This website and its owner(s) are not in any way liable for any incurred loss, whether caused by the information provided on this website or otherwise. The use of this website, including the content and information provided, is the user’s sole liability.