Read more
3:25 PM · 27 February 2023

EUR Remains Vulnerable Against USD

-
-
Open account Download free app

Today's session is being marked by an improvement in market sentiment.
The euro is bouncing back against the US dollar after the price tested an important support zone marked at 1.0550.

If the price stays above this zone, we can expect bullish momentum.


EUR/USD, Daily time frame chart. Source: xStation 5

In addition to the analysis of the EUR/US, when we look at the chart of the dollar index, we can see that there could be room for further declines in the dollar.

The price has been trading in a rising wedge and if sellers manage to break below the structure, the bearish move could intensify.

 

USD index, 4 hours time frame chart. Source: xStation 5

 

GBP leads the gains this trading session.

Heatmap. Source: xStation 5

Henrique Tomé, XTB Portugal





 
13 January 2026, 6:57 PM

Daily summary: Dollar dominates FX trading as odds of US intervention in Iran rise (13.01.2026)

13 January 2026, 4:57 PM

Powell’s Bet Countered❗️ USD Rebounds After Remarks From St. Louis Fed President 💸

13 January 2026, 1:31 PM

BREAKING: EURUSD spikes on lower-than-expected Core CPI in the US❗️

13 January 2026, 11:17 AM

US CPI preview: will the disinflation trend be maintained in December? 🔎

Join over 2 000 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits