US Dollar Appreciates To Record-High Against Euro, As Eurozone Risks Remain
The U.S. dollar jumped to a five-year high against the euro on Thursday, following European Central Bank (ECB) President Mario Draghi’s comments.
Draghi hinted that uncertainties related to international trade tensions, emerging market turmoil and geopolitical risks continue to plague the outlook for the euro zone’s economy. That probably set off market expectations of a dovish stance from the ECB, at least for the near-term. The euro was -0.18% lower against the dollar at $1.136, after falling as low as $1.1308 - its lowest since Dec. 17.
What could have potentially added to the dollar’s upside was strong labor market conditions in the U.S. Latest official figures revealed that the number of applicants for unemployment benefits fell to more than a 49-year low last week in the U.S. The dollar index - which tracks the US dollar’s value against a basket of other currencies like the euro, yen, British pound and three others - was up +0.15% at 96.265
EURUSD's Stochastic Oscillator remains in overbought zone for 11 days
The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Technical Analysis (Indicators)
Bearish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 10 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Moving Average Convergence Divergence Histogram (MACD) for EURUSD turned negative on July 05, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 115 similar instances when the indicator turned negative. In of the 115 cases the stock turned lower in the days that followed. This puts the odds of success at .
EURUSD broke above its upper Bollinger Band on June 26, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on June 24, 2025. You may want to consider a long position or call options on EURUSD as a result. In of 144 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where EURUSD advanced for three days, in of 259 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 289 cases where EURUSD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
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