EUR/USD Analysis: Inflation’s Impact on Forex Trading

Related stories

GBPUSD Forecast: Will it go above 1.2500

The GBP/USD pair has been a focal point for...

Navigating the USDJPY Landscape

USDJPY seems to be more influenced by US monetary...

EURUSD Navigating the Bearish Trend

The EURUSD currency pair has been a focal point...

US Jobs Report Due At 8:30 AM ET

US Unemployment at 3.8% vs forecast 3.7% , previous...

EURUSD seems oversold

The EURUSD pair is currently experiencing significant fluctuation due...

The EUR/USD pair, a key indicator in forex trading, is influenced by various factors, including technical and fundamental analysis, and inflation.

Technical analysis reveals that the EUR/USD pair has been experiencing volatility with significant resistance and support levels. Traders use tools like moving averages and Fibonacci retracements to predict future trends.

Fundamental analysis on the other hand considers economic indicators such as GDP growth, interest rates and unemployment rates. These factors provide insight into the economic health of the Eurozone and the US influencing the EUR/USD pair.

 Inflation plays a crucial role too. Higher inflation in the Eurozone compared to the US could weaken the Euro against the dollar. Conversely, if inflation is higher in the US, the Dollar might weaken causing the EUR/USD to rise.

Looking in to the chart, EURUSD has taken support at 1.0820 area which is 50% of Fibonacci retracement. If the pair stays above this level it can go up to 1.0950.

In conclusion, understanding these factors can help traders make informed decisions in the EUR?USD forex market. Always stay updated with economic news and market trends for successful trading.


- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories


Please enter your comment!
Please enter your name here