Eur usd news and trading

Here are some recent news and trading updates on the EUR/USD currency pair:

News:

  1. ECB's Lagarde: Eurozone economy to recover slowly: European Central Bank (ECB) President Christine Lagarde said that the eurozone economy is expected to recover slowly from the COVID-19 pandemic, with growth likely to be modest in the coming years.
  2. German economy contracts by 2.2% in Q2: Germany's economy contracted by 2.2% in the second quarter, according to data released by the Federal Statistical Office (Destatis). This is the largest decline since the 2009 financial crisis.
  3. US-China trade tensions ease: The US and China have reached a tentative agreement to ease trade tensions, with the US agreeing to delay a planned tariff increase on Chinese goods.
  4. Eurozone inflation rate falls to 0.4%: The eurozone's inflation rate fell to 0.4% in August, according to data released by Eurostat. This is the lowest level since 2016.

Trading:

  1. EUR/USD falls to 1.1700: The EUR/USD currency pair fell to 1.1700 on Friday, as the euro was weighed down by concerns over the eurozone economy and the impact of the COVID-19 pandemic.
  2. USD strengthens on US-China trade deal: The US dollar strengthened against the euro and other major currencies on Friday, as investors welcomed the news of a tentative trade deal between the US and China.
  3. EUR/USD range-bound: The EUR/USD currency pair has been trading in a narrow range of 1.1700-1.1900 in recent days, as investors await further developments on the eurozone economy and the impact of the COVID-19 pandemic.
  4. Technical analysis: EUR/USD bearish: According to technical analysis, the EUR/USD currency pair is bearish, with a potential target of 1.1600 if the pair breaks below the 1.1700 level.

Forecasts:

  1. EUR/USD to fall to 1.1500: According to a forecast by Bloomberg, the EUR/USD currency pair is expected to fall to 1.1500 by the end of the year, as the eurozone economy continues to struggle.
  2. EUR/USD to rise to 1.2000: According to a forecast by Reuters, the EUR/USD currency pair is expected to rise to 1.2000 by the end of the year, as the eurozone economy begins to recover from the COVID-19 pandemic.

Market sentiment:

  1. Bearish sentiment: The EUR/USD currency pair is currently trading with bearish sentiment, as investors are concerned about the eurozone economy and the impact of the COVID-19 pandemic.
  2. Neutral sentiment: Some analysts are calling for a neutral sentiment on the EUR/USD currency pair, as the pair is trading within a narrow range and investors are awaiting further developments on the eurozone economy.

Please note that these are just some of the recent news and trading updates on the EUR/USD currency pair, and that the market is constantly evolving. It's always important to stay up-to-date with the latest news and analysis before making any trading decisions.