Read more
2:43 PM · 8 January 2024

EUR/USD begins to trade sideways

EUR/USD
Forex
-
-
USDIDX
Indices
-
-

This year has been marked by corrections in major stock indices, leading to new downward pressures on the EUR/USD pair (-0.83% YTD).

But, is this trend likely to persist?

Well, looking at the divergence between the U.S. dollar index and the TNOTE chart, we can see that this scenario typically supports USD strength.

USD Index and TNOTES., Daily time frame chart. Source: xStation 5

On the other hand, the EUR/USD pair doesn't seem to show any strong technical signals that the downward trend could resume. Nevertheless, on the 4-hour chart, we observe that the resistance zone marked by the grey rectangle, along with the EMA, has played a significant role.

EUR/USD. 4 hours time frame chart. Source: xStation 5





 

VIX and USD Index. Daily Time Frame Chart. Source: xStation 5


Henrique Tomé,
Analyst at XTB Portugal
14 November 2025, 8:06 AM

BREAKING: French and Spanish inflation came in line with expectations 📌

13 November 2025, 6:54 PM

Daily Summary: Shutdown ends, rate cut fades and risk is off

13 November 2025, 3:06 PM

US OPEN: End of Shutdown but not end of decline

12 November 2025, 6:41 PM

Daily summary: Markets Show Slight Optimism Despite the U.S. Shutdown

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