EUR/USD 1.16954
0.009%
Gold 3646.38
0.158%
Oil 63.352
-0.187%
USD/JPY 147.432
-0.016%
GBP/USD 1.35281
-0.016%
GBP/JPY 199.455
-0.025%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On September 11, Jinlu Electronics stated on an interactive platform that the company is closely following the technological development and market application of solid-state batteries and actively adapting its products. As for the PCB for solid-state battery BMS that the company has successfully developed, its unit value is higher than the PCB for power battery BMS that the company has already mass-produced. The large-scale production and installed applications of solid-state batteries are conducive to the growth of demand for supporting PCBs.The main contract of the Container Shipping Index (European line) fell more than 3.00% during the day and is now at 1230.7 points.On September 11th, the third-largest political group in the European Parliament, Patriots for Europe, announced in Strasbourg, France, that it would submit a motion of no confidence against the European Commission, led by Ursula von der Leyen. The motion has reportedly received 85 signatures from MEPs, exceeding the minimum threshold of 72 signatures required to initiate the relevant procedure. Patriots for Europe accused the current European Commission of a complete failure in trade, transparency, and accountability. The groups First Vice-President, Kinga Gay, stated during the European Parliament plenary session that day that the Commission had failed to address Europes most pressing challenges, failing in areas such as peace, trade, and migration. "It is time for Ursula von der Leyen to step down," she said. According to regulations, once the motion is confirmed by the European Parliament, it will be scheduled for debate and a vote in the plenary session of the European Parliament in October at the earliest.FBI: Second suspect in Charlie Keek shooting has been released, gunman remains at large.Japans BSI large non-manufacturing confidence index in the third quarter was 5.2, compared with -0.5 in the previous quarter.

EUR/USD Price Analysis: A Pullback Beyond the 1.0590-85 Support Confluence Remains Improbable

Alina Haynes

May 05, 2022 10:25

EUR/USD bulls appear to be running out of steam after rallying to the highest level since early March during Thursday's Asian session.

 

The recent weakening in the main currency pair could be attributed to the RSI being overbought.

 

Nonetheless, the quote retains the previous day's 200-HMA breakout, as well as several levels defined by a fortnight-long horizontal area centered on 1.0590-95. Thus, EUR/USD remains a target for buyers till it breaks through the 1.0590 barrier.

 

If the pair falls below 1.0590, a one-week-old rising support line around 1.0515 may act as a temporary halt on the way to the pair's recent multi-month low of 1.0471.

 

Meanwhile, the April 27 high near 1.0655 appears to be immediate resistance for EUR/USD buyers to monitor on the way up.

 

Following that, the 50% and 61.8 percent Fibonacci retracements of the April 21-28 fall will be monitored, respectively near 1.0700 and 1.0760.

 

EUR/USD is poised for a much-anticipated corrective fall following the Fed's latest action.

EUR/USD: Hourly Chart

image.png 


Suggestion