About strategy analysis:

16. Aug.

After breaking 1.1000, EURUSD began to retreat.

Price action remains slow, providing an opportunity to build short positions in a short time frame.

Since this is a correction, it is recommended to trade on low volumes and be cautious about potential early reversals!

16. Aug.

Trade ist aktiv

With the Federal Reserve likely to cut interest rates more aggressively than the European Central Bank in response to falling inflation, the euro is likely to rise against the dollar. Commerzbank FX analyst Ulrich Leuchtmann said in a note that the Fed could cut rates six times, while the European Central Bank could cut rates four more times. "We think the Fed's policy response function is more resilient to changes in inflation than the ECB's," he said. Commerzbank also expects U.S. economic growth this fall and winter to be "less dramatic than before," which could undermine the view that U.S. growth has structural advantages and weaken the dollar. Commerzbank expects the euro to rise to 1.14 against the dollar by mid-2025 from its current level around 1.0990.

18. Aug.

Trade ist aktiv

The euro rose slightly against the dollar, buoyed by better-than-expected eurozone trade balance data. The euro rose slightly against the dollar, buoyed by better-than-expected eurozone trade balance data.

18. Aug.

Trade ist aktiv

Eur: Steady performance amid USD weakness

Action recap: The euro hit a high for the year amid dollar weakness, but uncertainty over European growth momentum limited further gains.

Economic data and events: Despite the overall stability of European economic data, the market's concern that the growth momentum in Europe may be stalling affected the direction of the euro.

Analyst view: Will take advantage of the decline in the dollar to add to long positions, but cautious about European growth momentum and the risk of tariffs during the U.S. election.