The pair EUR/USD continues to trade lower during this session and is getting closer and closer to parity. The declines in equities are supporting the strength of the US dollar, putting pressure on the EUR/USD pair again.
1-hour time frame chart.
In the 1 hour time frame chart, we can see that the buyers regained control of the price near the lower limit of the range, close to 1,036.
As long as the price remains above this zone, we cannot exclude the possibility of a further recovery in the strength of the euro against the US dollar.
EUR/USD, 1 hour time frame chart. Source: xStation
However, on the 1-hour chart, we can see that the divergence between the US dollar and the dollar index is increasing more and more, and a change in market sentiment could emerge in the medium to long term.
EUR/USD, 1 hour time frame chart. Divergence between EUR/USD and USD INDEX. Source: xStation 5
During this session, USD is leading the gains!
Source: currency-strength.com
Henrique Tomé, XTB Portugal
🔴 Three markets to watch next week: EURUSD, CH50cash, OIL (08.05.2026)
BREAKING: US Labor Market Stronger Than Expected, While Wage Pressure Eases. EURUSD gains!🚨
CoreWeave results: Expansion without profit and without direction
📈 EURUSD up 0.4% before the NFP
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
