Technical Analysis

EUR/USD traded higher on Wednesday, buoyed by lower U.S. yields that pressured the dollar. This price action supports bullish technical signals, but confirmation will likely depend on upcoming U.S. pricing and employment reports.

After its recent brief recovery, the Japanese yen is once again losing ground against the dollar.

EUR/USD turned positive and hit a three-week high after briefly falling below the 200-day moving average on Monday.

EUR/USD experienced a volatile session, opening near 1.0825 in New York and swinging wildly between 1.0796 and 1.08415

GBP/USD traded up 0.05% within a narrow range of 1.2755-1.2767, showing a muted reaction to the election results.

EUR/USD rallied as the latest U.S. economic data suggested a potential softening, with the New York session opening near 1.0755 after trading at 1.0737 overnight .

USD/JPY climbed to a new 38-year peak on Tuesday, driven by higher U.S. bond yields, prompting official commentary.

The euro experienced a modest reprieve following the first round of the French election

GBP/USD steadied after the release of U.S. Personal Consumption Expenditures (PCE) data, which initially lifted the pound to a Friday high of 1.2670

The EUR/USD opened the New York session near 1.0705, briefly dipping to 1.0685 before climbing to 1.0724.