EUR crosses strengthen as ECB signals steady rates, European markets gain
EUR/USD has edged up 0.15% to 1.0815 while EUR/GBP climbed 0.2% to 0.8540 as ECB's forward guidance suggests rates will remain elevated through mid-2026. European equity futures point to a 0.3% opening gain, supporting risk sentiment and euro strength despite mixed earnings results. The ECB's commitment to maintaining restrictive policy contrasts with growing dovish expectations for the Fed, widening the policy divergence. German DAX futures rose 0.4% while French CAC futures gained 0.35%, reflecting improved sentiment despite ongoing trade concerns. Technical analysis shows EUR/USD facing resistance at 1.0830 (50-day MA), with support at 1.0790. EUR/GBP has broken above key resistance at 0.8530, targeting 0.8570. Traders are positioning for continued euro outperformance, particularly against currencies where central banks may ease sooner.
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