- March 9, 2026
- Posted by: EWGFX
- Category: Technical analysis
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EURUSD remains highly dependent on fundamental news and ongoing geopolitical tensions.
Oil prices have seen a historic surge, which is directly impacting the US dollar. Higher energy prices contribute to increased inflation, which in turn reduces the likelihood of interest rate cuts in the United States and supports the USD.
From a technical perspective, price is currently trading around key levels, and the market appears to be waiting for further direction.
Later this week, the US inflation data will also be released, which could trigger larger market movements.
In this type of environment, it’s important to reduce risk and wait for confirmed entry opportunities.