EUR/USD is regaining upside traction after defending its 50-DMA and breaking above a short-term channel, with momentum indicators supporting a test of key resistance levels, Société Générale's FX analysts note.
Euro regains upward momentum
"EUR/USD defended the 50-DMA near 1.1065 (now at 1.1300) and broke out from a short-term channel denoting regaining upward momentum. This is also highlighted by the daily MACD, which remains anchored within positive territory and has crossed above trigger line."
"The pair is approaching April high of 1.1570/1.1610. Defence of recent pivot low at 1.1370 will be crucial for persistence in up move. If the pair establishes beyond 1.1570/1.1610, the up move may extend towards projections of 1.1780 and 1.1885."
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Tradingkey
Related Articles
FedEx (FDX) Earnings Preview: Will FedEx Deliver Good Results the way they Deliver Parcels
TradingKey - FedEx Corporation is reporting first-quarter fiscal 2026 earnings this coming Thursday, after the market session. It has been a tough year for FedEx, and this is also reflected in the stock market.TradingKey
6 hours ago
[U.S. IPO] Oilfield Water Giant WaterBridge Raises $634M in IPO; Can It Repeat LandBridge's 125% Surge?
TradingKey - Oil field water management company WaterBridge (WBI) announced on September 16 that its US initial public offering (IPO) is expected to price 31.7 million shares at $20 per share, raising a total of $634 million.TradingKey
8 hours ago
[U.S. IPO] Buyers Frenzied Like Fans? StubHub IPO Sees 20x Oversubscription, Masking Profitability Challenges
TradingKey - After years of ownership changes and a withdrawn IPO plan, StubHub, the largest secondary ticket marketplace in the U.S., is set to go public on the New York Stock Exchange under the ticker STUB, with an expected valuation of $8.6 billion. Investors are watching whether this founder’sTradingKey
10 hours ago
[Reuters Analysis] Hedging surge reflects crowded trade - long Wall Street, short U.S. dollar: McGeever
By Jamie McGeeverORLANDO, Florida, Sept 16 (Reuters) - The rush to hedge U.S. equity exposure this year was initially seen as part of a broad 'de-dollarization' process, reflecting global investors' discomfort with President Donald Trump's trade, economic and foreign policy agendas. ...Reuters
17 hours ago
Effects of Interest Rate Cuts: Impact of Fed's September Meeting on Crypto Market
The Fed’s rate cut decision is a major bullish catalyst for crypto — but it comes with uncertainty. Investors should understand the economic rationale behind the move and adjust strategies accordingly. Staying flexible, informed, and disciplined is key to thriving in crypto’s fast-moving environmentTradingKey
Tue, Sep 16
Tradingkey
