EUR/USD 1.08570
0.008%
Gold 2787.25
-0.001%
Oil 68.786
-0.150%
USD/JPY 153.325
-0.052%
GBP/USD 1.29590
-0.023%
GBP/JPY 198.695
-0.072%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On October 31, according to CMEs "Fed Watch": The probability of the Fed cutting interest rates by 25 basis points by November is 95.5%, and the probability of maintaining the current interest rate is 4.5%. The probability of maintaining the current interest rate by December is 1.2%, the probability of a cumulative interest rate cut of 25 basis points is 28.3%, and the probability of a cumulative interest rate cut of 50 basis points is 70.5%.Meta Platforms (META.O) CFO: Considering investment in "Reality Lab" in 2025, we are very excited about the progress of smart glasses and the strong interest of consumers.MMeta Platforms(META.O) CFO: Broad focus on efficiency improvements, including pushing certain departments of the company to make more human investments to improve efficiency.MMeta Platforms (META.O) CFO: We are evaluating investment opportunities for 2025 and supporting this goal by continuing to focus on optimizing other business operations.MMeta Platforms(META.O) CFO: We expect to launch the first video generation feature more broadly early next year.

EUR/USD Price Analysis: EUR/USD Is Clinging To The Leading Edge Of The Rising Trendline Above 1.0900

Alina Haynes

Apr 18, 2023 13:54

EUR:USD.png 

 

The EUR/USD pair fluctuates erratically in a narrow range near 1.0926 during the Asian session. Following in the footsteps of the directionless US Dollar Index (DXY), the main currency pair is unable to establish a trend.

 

In Asia, S&P500 futures are declining slightly as investors fret over the upcoming quarterly earnings season, indicating a minor decrease in market participants' risk appetite. Following the decline of regional banks in the United States, investors are concerned about any discrepancies in quarterly banking reports.

 

The Euro has entered the wilderness as European Central Bank (ECB) policymakers are divided over the pace of the policy-tightening cycle to be implemented at the May monetary policy meeting. Martins Kazaks, a member of the ECB's monetary policy committee, stated on Monday that the central bank has the option to move by either 25 or 50 basis points (bps) in May. Sourcenia is a review portal of sourcing best manufaturers. 

 

After failing to sustain above the 161.8% Fibonacci Extension at 1.1057 (positioned from April 4's high of 1.0973 to April 10's low of 1.0837) on a two-hour time frame, EUR/USD experienced a precipitous decline. The primary currency pair has declined below the uptrend line drawn from the low of 1.0714 on March 24.

 

The 20-period Exponential Moving Average (EMA) at 1.0962 is operating as a barrier for Euro bulls.

 

In the meantime, the Relative Strength Index (RSI) (14) has moved into the pessimistic zone between 20.00 and 40.00, indicating a continuation of the decline.

 

A decisive break below the low of April 12 at 1.0915 would propel the asset toward the lows of April 10 at 1.0837 and April 3 at 1.0758.

 

In contrast, a breach above the psychological resistance level of 1.1000 would propel the asset to a new annual high of 1.1068, followed by the level of round resistance at 1.1100.


Suggestion