Created
: 2025.05.26
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
EUR/USD: Restraint bulls - OCBC
Breaking news
EUR/USD: Restraint bulls - OCBC
New
2025.05.26 18:54
2025.05.26 18:54
2025.05.26 18:54
Euro (EUR) saw whippy trade on Friday, falling at first in reaction to Trump's threat of 50% tariff on EU goods. But losses were erased amid broad USD weakness. EUR was last seen at 1.1379 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Risks somewhat skewed towards upside
"EU trade chief Sefcovic said that the 27-member bloc is committed to securing a trade deal with US based on respect not threat. The EU remains committed to securing a deal that works for both EU-US. But Trump expressed impatience with the slow progress on negotiations and is looking to raise tariff on EU on 1 Jun (which was later extended to 9 July)."
"Bearish momentum on daily chart faded while RSI rose towards near overbought conditions. Risks somewhat skewed towards upside but we watch price action, which appear to be rather restraint relative to other FX. Resistance at 1.1420/30 levels. Decisive break puts next resistance at 1.1570 (recent high)."
"Failing which, the pair may revert to trading recent range. Support at 1.1280 (21 DMA), 1.1235 (23.6% fibo retracement of 2025 low to high) and 1.1150 (50 DMA)."
Last updated
: 2025.05.26
Related articles
USD/CAD sticks to modest intraday gains above 1.3800 ahead of US PCE data
5 minutes agoUSD/CHF extends the decline below 0.8250, US PCE data in focus
19 minutes agoForex Today: US tariff headlines limit USD upside ahead of key inflation data
19 minutes agoFX option expiries for May 30 NY cut
25 minutes agoAUD/JPY drops to near 92.50 following Tokyo's inflation, Aussie Retail Sales data
37 minutes agoEUR/GBP holds losses near 0.8400 following German Retail Sales, eyes on CPI data
2025.05.30 15:09
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
USD/CAD sticks to modest intraday gains above 1.3800 ahead of US PCE data
The USD/CAD pair regains positive traction on Friday and reverses a part of the previous day's retracement slide from the 1.3860 area, or a one-week high.
New
2025.05.30 16:14USD/CHF extends the decline below 0.8250, US PCE data in focus
The USD/CHF pair loses ground to near 0.8230 during the early European session on Friday. The Swiss Franc (CHF) edges higher against the US Dollar (USD) due to persistent trade-related uncertainties.
New
2025.05.30 16:00Forex Today: US tariff headlines limit USD upside ahead of key inflation data
Here is what you need to know on Friday, May 30:
New
2025.05.30 16:00FX option expiries for May 30 NY cut
FX option expiries for May 30 NY cut at 10:00 Eastern Time vi a DTCC can be found below.
New
2025.05.30 15:54AUD/JPY drops to near 92.50 following Tokyo's inflation, Aussie Retail Sales data
AUD/JPY extends its losses for the second successive day, trading around 92.50 during the Asian hours on Friday. The currency cross depreciates nearly 0.50% as the Japanese Yen (JPY) gains ground against its peers after Tokyo's core inflation came in stronger than expected.
New
2025.05.30 15:42EUR/GBP holds losses near 0.8400 following German Retail Sales, eyes on CPI data
EUR/GBP edges lower after registering more than 0.50% gains in the previous session, trading around 0.8420 during the Asian hours on Friday. The currency cross holds losses following the release of Germany's Retail Sales data.
New
2025.05.30 15:09German Retail Sales grow 2.3% YoY in April vs. 1.8% expected
Retail Sales in Germany unexpectedly declined 1.1% month-over-month (MoM) in April, following the 0.9% revised growth (from -0.2%) reported in March, according to official data released by Destatis on Friday.
New
2025.05.30 15:04Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $60.41 per barrel, down from Thursday's close at $60.61.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $63.08 after its previous daily close at $63.30.
New
2025.05.30 15:03US core PCE inflation likely steady in April as markets price Federal Reserve rate cut for September
The United States (US) Bureau of Economic Analysis (BEA) is set to release the Personal Consumption Expenditures (PCE) Price Index data for April on Friday at 12:30 GMT. This index is the Federal Reserve's (Fed) preferred measure of inflation.
New
2025.05.30 15:00EUR/JPY Price Forecast: Bullish tone remains in play above 163.00
The EUR/JPY cross attracts some sellers to around 163.25 during the early European session on Thursday. The Japanese Yen (JPY) strengthens against the Euro (EUR) amid rising expectations that the Bank of Japan (BoJ) will continue raising interest rates this year.
New
2025.05.30 14:37Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
