Can the Euro Retain its Strength?Euro FX FuturesCME:6E1!CME_GroupSince the middle of March, the Euro has seen prices bounce higher back out above the 50-day and 200-day moving average. Looking back at where prices rallied from, there were many times the market traded down and tested these critical levels and bounced higher and acted as a “floor” in the market. When prices bounced in March, it was bouncing off of “oversold” levels when looking at the relative strength on a daily basis, which was the lowest point the relative strength was at since November of 2024. Along with that, the Dollar has seen steady declines which has helped to push the Euro higher while other markets such as the Yen stayed relatively flat. Some of the key macroeconomic factors that can affect the price include inflation, jobs, and GDP reports that really affect all global currencies. Today, the prices are slightly lower because the Dollar is showing strength and Core Retail Sales in the U.S. came in better than expected, but there will be a lot more critical data directly tied to these markets being released next week that can add volatility not only to currencies but markets broadly across asset classes. 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.