The post Swedish Krona: Weakens against Euro – Societe Generale appeared on BitcoinEthereumNews.com.
Societe Generale’s Kenneth Broux highlights EUR/SEK reclaiming its 200-day moving average and breaking above a base, signalling a short-term uptrend towards 11.11. The analysis points to first support at 11.00 and suggests that defending this level could extend gains, with next objectives at the upper boundary of a longer-term descending channel around 11.30/11.33. EUR/SEK uptrend with channel objectives “EUR/SEK reclaimed the 200-DMA last month; this MA had acted as a crucial hurdle in previous rebound attempts.” “The pair recently broke out above the upper limit of a base denoting onset of a short-term uptrend and marched towards 11.11.” “The upper part of the base at 11.00 could be the first support. Defence of this may lead to a continuation of the up move. “ “Beyond 11.11, the next objectives could be located at the upper boundary of the descending channel drawn since 2023 at 11.30
The post XRP price eyes drop to $1 as it loses a key support appeared on BitcoinEthereumNews.com.
XRP has slipped below a key short-term support near $1.10, with sellers regaining control as traders lock in profits after Ripple’s latest European regulatory win and macro risk sentiment weakens across global markets. Summary XRP has dropped below key support near $1.10 as profit-taking and long liquidations push the token toward $1. A descending channel, weakening RSI, bearish MACD setup, and dense liquidation zones reinforce downside risks. Ripple’s MiCA license and $4 billion in XRPL tokenized RWAs highlight long-term adoption despite near-term weakness. The token traded around $1.08 on Tuesday after falling from an intraday high near $1.18. The decline came shortly after Ripple secured a full Crypto-Asset Service Provider license from Luxembourg’s Commission de Surveillance du Secteur Financier under the European Union’s Markets in Crypto-Assets framework. Instead of extending the ral
XRP has slipped below a key short-term support near $1.10, with sellers regaining control as traders lock in profits after Ripple’s latest European regulatory win and macro risk sentiment weakens across global markets. The token traded around $1.08 on Tuesday…
The post EUR/USD Price Forecast: Euro hesitates above 1.1400 as geopolitical risks mount appeared on BitcoinEthereumNews.com.
The Euro (EUR) shows marginal losses against the US Dollar (USD) on Wednesday and has returned to levels just above 1.1400 during the European trading session after rejection at 1.1430. A new round of hostilities in Iran and investors’ cautiousness ahead of the release of the minutes of the latest Federal Reserve (Fed) meeting are keeping Euro bulls in check. US President Donald Trump affirmed earlier on Wednesday that the ceasefire is over and that, in his view, the memorandum of understanding is no longer in effect. These comments follow a fresh bout of reciprocal attacks between the US and Iran, and the revocation of the US authorisation to sell Iranian Oil. The market reaction has been tame so far, as investors continue to view these events as manoeuvres to gain leverage in the negotiation process. Beyond that, investors remain wary of placing large directio
Rising oil prices threaten Europe's economic stability, impacting ECB policies and potentially influencing global crypto market dynamics.
The post Euro bears return as surging oil prices test currency rebound appeared first on Crypto Briefing.
The post Euro rises against Japanese Yen as latter underperforms across the board appeared on BitcoinEthereumNews.com.
The Euro (EUR) trades 0.1% higher to near 185.20 against the Japanese Yen (JPY) during the European trading session on Wednesday. The cross gains as the Japanese Yen (JPY) underperforms its peers despite clarification from Japan’s Growth Strategy Minister Minoru Kiuichi that the government is not prompting a low-interest rate environment. Japanese Yen Price Today The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the weakest against the New Zealand Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD -0.09% -0.04% 0.05% -0.15% -0.13% -0.62% -0.15% EUR 0.09% 0.05% 0.15% -0.06% -0.04% -0.53% -0.06% GBP 0.04% -0.05% 0.09% -0.12% -0.10% -0.55% -0.13% JPY -0.05% -0.15% -0.09% -0.21% -0.17% -0.68% -0.22% CAD 0.15% 0.06% 0.12% 0.21% 0.03% -0.47% -0.01% AUD 0.13% 0.04% 0.10% 0.17% -0.03% -0.48% -0.05% NZD 0.62% 0.53
The post Euro: Range trade around key supports against US Dollar – UOB appeared on BitcoinEthereumNews.com.
United Overseas Bank’s (UOB) Quek Ser Leang highlights EUR/USD’s failure to extend its recent advance, with momentum fading after a retreat from recent highs. The pair is now seen oscillating between 1.1360 and 1.1450 in coming weeks, while intraday price action may test 1.1390 without threatening the more important 1.1360 support unless the 1.1430 resistance breaks. Momentum fades into sideways pattern “24-HOUR VIEW: Two days ago, EUR traded within a range of 1.1408/1.1444 and closed largely unchanged at 1.1440 (+0.04%). Yesterday, we stated that we “continue to expect range-trading, but the firmer underlying tone suggests EUR is likely to trade in a higher range of 1.1425/1.1470.” Our assessments turned out to be incorrect, as EUR fell to a low of 1.1407. Despite the relatively sharp decline, downward momentum has not increased much. However, there is scope for EUR to dip below
The post Euro gains as US Dollar moves sideways amid market caution appeared on BitcoinEthereumNews.com.
EUR/USD maintains its position after registering modest losses in the previous day, trading around 1.1410 during the Asian hours on Wednesday. Traders’ attention is focused on Wednesday’s release of the US Federal Reserve (Fed) Meeting Minutes, the first under newly appointed Chairman Kevin Warsh, for crucial clues regarding the future path of US interest rates. The EUR/USD holds minor gains as the US Dollar (USD) inches lower after experiencing volatility. The Greenback may regain its ground amid rising safe-haven demand and renewing geopolitical tensions. US airstrikes against Iran came in response to Iranian attacks on commercial vessels in the crucial Strait of Hormuz, including a Qatari LNG carrier and a Saudi oil tanker. Iranian Parliament Speaker Mohammad Bagher Ghalibaf warned that the era of bullying and extortion has ended and insisted that Iran will not fold under pressur
The post XAG/USD Forecast: Holds bearish flag support near mid-$59.00s appeared on BitcoinEthereumNews.com.
Silver (XAG/USD) trades with a negative bias for the third straight day and hovers around the $59.80 region during the Asian session on Wednesday. The white metal, however, defends a support marked by the lower boundary of a short-term descending channel, around mid-$59.00s or the weekly low, touched on Tuesday. Looking at the broader picture, the downward-sloping channel constitutes the formation of a bearish flag against the backdrop of the recent decline. Moreover, the recent repeated failures near the 100-period Simple Moving Average (SMA) on the 4-hour chart suggest that the path of least resistance for the XAG/USD pair is to the downside. Adding to this, the latest Moving Average Convergence Divergence (MACD) reading at -0.33 and a Relative Strength Index (RSI) around 44.16 hint at the risk of further downside within the range. However, a convincing break below the channel
