Euro Slow Rise HigherEuro FX FuturesCME:6E1!CME_GroupSince the market found a near term bottom back in January, the Euro has seen strong gains to the upside. There are many factors that have helped not only boost the Euro, but also other currencies globally, and one of which has been broad weakness in the Dollar. There are a lot of concerns looming that are still unpredictable, including potential interest rate cuts for the remainder of the year, tariff decisions, and global tensions. It is also important to understand the price compared to historic prices, and even though the price has been rising, the market has been in a downtrend for some time looking back to the early 2000s. Fresh from the Trading Room: As path changes Looking more at the technical levels can tell a similar story as well. The Euro traded out above the 200-day moving average back in March, and since then the market has not dipped down below that level and has also respected the 50-day moving average as a sort of "support" level where prices have rebounded back out above it after testing it to the downside. Along with that, the 1.16 level acted as resistance and has now flipped to a level the market has bounced off of and is now acting as support. There are a lot of factors that can change the trajectory of this market, but seeing prices moving slowly higher while relative strength remains in neutral territory shows a lot of strength. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme/ *CME Group futures are not suitable for all investors and involve the risk of loss. Copyright © 2023 CME Group Inc. **All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience.