Read more
11:53 AM · 20 March 2023

Will Eur/Usd bounce back?

Euro continues to recover against the dollar at the beginning of this week, after a sharp crash in the last week - that was motivated by the worries around Credit Suisse that put the European banking sector under pressure and heavily penalized the euro.

Daily Time Frame EUR/USD

On the daily chart, we can see that the price is once again testing the upper limit of the range, close to 1.0695.
This will be a decisive zone for the price to understand the next momentum in the currency pair.

 


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

Dollar Index Daily Time Frame

On the dollar index chart, we can see that the bullish movement slowed down after the price tested the 50 period exponential moving average (EMA).
As long as the price remains below this zone, we should expect the bearish movement to continue over the next few sessions.

 

USD index, Daily time frame chart. Source: xStation 5

 

JPY leads the gains this trading session.

Heatmap. Source: xStation 5

Henrique Tomé, XTB Portugal


 
15 April 2026, 6:44 PM

Daily summary: The market pauses at the top

14 April 2026, 1:30 PM

BREAKING: US PPI comes in weaker than expected. EURUSD gains ground

14 April 2026, 7:43 AM

Economic calendar: US PPI report and central bankers speeches in focus

13 April 2026, 7:03 PM

Daily summary: Stocks back in the green on hopes for US-Iran talks, dollar resumes losing streak (13.04.2026)

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