European Central Bank (ECB) news

The European Central Bank (ECB) is the central bank for the Eurozone, responsible for monetary policy. Its primary objective is to maintain price stability within the 20 member states using the euro. The ECB uses various monetary policy tools to guide the Eurozone economy and support sustainable growth.

Trade Setup to Watch: EUR/USD Breaks Ascending Trendline, Further Downside Ahead?

EUR/USD breaks ascending trendline, hinting at further downside despite mixed fundamental and technical signals. The US Dollar Index (DXY) rallied after the FOMC meeting and US government shutdown. Technical analysis shows a break of the 1.16300 confluence level, suggesting a move towards 1.14000 or 1.1058. However, the RSI is in oversold territory, which could lead to a short-term bounce.

09-10-2025 11:07 GMT by Zain Vawda

EUR/USD bearish move below parity on hold for now

EUR/USD Slides on French Political Turmoil and USD Rebound, Lagarde/Fed Speakers Up Next

EUR/USD continued its slide this morning due to US Dollar strength and French political drama. President Macron has given the outgoing Prime Minister until Wednesday to get parliament to agree on a new prime minister. The US Dollar's resilience is attributed to a high one-week interest rate and an IMF report. Technically, EUR/USD is approaching a key confluence level, with support at 1.1584 and resistance at 1.1700.

07-10-2025 09:42 GMT by Zain Vawda