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According to Fox News: U.S. Central Command says the U.S. strike operation has temporarily ended.U.S. Central Command spokesman Captain Tim Hawkins said the U.S. military conducted a self-defense strike in southern Iran on the 25th, “aimed at protecting U.S. forces from the threat posed by Iranian forces.” The spokesman said the targets included missile launch sites and Iranian vessels attempting to lay mines. “U.S. Central Command continues to defend U.S. forces while exercising restraint during the current ceasefire.”The UKs BRC Shop Price Index rose 1.2% year-on-year in May, down from 1.00% in the previous month.1. Major European stock indices closed higher across the board. The German DAX index rose 2.01% to 25,389.10 points; the French CAC40 index rose 1.76% to 8,258.26 points; the UK stock market was closed for the Spring Bank Holiday. 2. Most major Asia-Pacific stock indices closed higher, while the South Korean stock market was closed for a holiday. The Nikkei 225 index rose 2.87% to 65,158.19 points, setting a new record high. AI and semiconductor sectors led the gains, with Kioxia rising over 14%, and SoftBank Group and Tokyo Electron rising nearly 5%. The Indian SENSEX 30 index rose 1.42% to 76,488.96 points. 3. International precious metal futures generally closed higher. COMEX gold futures rose 1.11% to $4,573.6 per ounce, and COMEX silver futures rose 2.89% to $78.4 per ounce. 4. International oil prices fell across the board. The WTI crude oil futures contract fell 6.52% to $90.30 per barrel, while the Brent crude oil futures contract fell 6.56% to $93.64 per barrel. 5. US Treasury yields fell across the board. The 2-year Treasury yield fell 8.72 basis points to 4.034%, the 3-year Treasury yield fell 9.90 basis points to 4.078%, the 5-year Treasury yield fell 11.24 basis points to 4.156%, the 10-year Treasury yield fell 11.27 basis points to 4.463%, and the 30-year Treasury yield fell 9.59 basis points to 4.991%.On May 26, Fox News reported, citing U.S. Central Command spokesman Captain Tim Hawkins, that U.S. forces conducted defensive strikes in southern Iran on Monday, targeting missile launch sites and Iranian vessels attempting to lay mines. U.S. Central Command continues to defend U.S. forces while maintaining restraint during the ongoing ceasefire.

Analysis of the EUR/USD Price Indicates 1.0930 Is a Crucial Resistance Level for Bulls

Daniel Rogers

Apr 04, 2023 14:39

 EUR:USD.png

 

EUR/USD sustains its week-beginning strength as bulls approach the crucial 1.0930 resistance level, trading near 1.0910 as of early Tuesday press time.

 

In doing so, the EUR/USD pair validates the bullish MACD signals and the ascending RSI (14) line, indicating it is not overbought.

 

The Euro pair's effective trading beyond the convergence of the 21-DMA and the 50-DMA, around 1.0730-25 at the time of publication, strengthens the bullish outlook.

 

As a result, EUR/USD purchasers are likely to surmount the critical resistance area comprised of multiple levels marked since late January 2023.

 

The Year-to-Date (YTD) high of 1.1033 could act as a further filter to the north before directing EUR/USD investors to the 61.8% Fibonacci Expansion (FE) of its November 2022 to March 2023 moves near 1.1190.

 

It should be noted that the psychological magnetism of 1.000 can also be used to verify Euro-Pair purchasers.

 

In the interim, a downside break of the aforementioned DMA confluence near 1.0730-25 is not an open invitation to the EUR/USD bears, as an ascending support line from September 2022, close to 1.0630 at the absolute minimum, could act as the buyers' last line of defense.

 

A decline to the previous monthly low of 1.0548 cannot be ruled out if the Euro-U.S. dollar exchange rate remains below 1.0630.