The euro against the US dollar witnessed a state of stability in Asian trading after it rose to the 1.10035 resistance barrier, and movement stabilized around this level. We are waiting for the European and American sessions to confirm whether the euro against the dollar will remain at this level.

Note that the euro had recorded its highest level in two weeks in European market trading yesterday, as the euro rose against the dollar by 0.4%, extending its gains for four days in a row.
As for European interest rates, they came as expected, unchanged at 4.50%, in addition to stabilizing US interest rates as the Federal Reserve approaches exiting the tightening monetary policy that has been in the interest of the euro.
The European Central Bank said in its previous meeting that key interest rates are at levels that would contribute significantly to achieving the inflation target if they are maintained for a sufficiently long period, in addition to hopes of reducing the gap between European and American interest rates due to the expectation of lowering US interest rates with stabilization—current prices for Europe.

Regarding the technical indicators over the past hours, the MACD has been moving above the zero level. The movement is somewhat stable, with the Relative Strength Index reaching saturation levels and the movement continuing at these levels.

*All data provided is intended for educational or informational purposes only and should not be considered investment advice.