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On January 25th, Norwegian Prime Minister Støre stated on social media that US President Trumps recent remarks about NATO allies "disengaging from the front lines" in Afghanistan were "disrespectful." Trump had previously stated in an interview that while NATO allies were sending troops to Afghanistan, they were "somewhat backed out, somewhat detached from the front lines." Støre emphasized that all service members, fallen soldiers, and their families in Afghanistan deserve genuine and respectful treatment. He stated, "The US presidents remarks lack respect. I understand the strong reaction from veterans and their families."January 25th - At the start of the new year, Beijing announced several policies to support the development of high-tech and cutting-edge industries. The Beijing Municipal Bureau of Economy and Information Technology announced the compilation of the first batch of implementation guidelines for high-tech and cutting-edge industry development projects and SME support funds for 2026, aiming to ensure a good start and rapid development of high-tech and cutting-edge industries in 2026. The first batch of implementation guidelines focuses on the annual key tasks in the high-tech and cutting-edge industry sector, as well as the long-term industrial vision for the 15th Five-Year Plan period. It emphasizes four key aspects: promoting innovation, accelerating transformation, improving quality and efficiency, and fostering growth. The planned investment exceeds 1.5 billion yuan to support more than 10 key industries, including integrated circuits, biomedicine, materials and energy, information software, and the digital economy.January 25th - According to the European-Mediterranean Seismological Centre, a 5.0-magnitude earthquake struck the southeastern waters of Easter Island, Chile, at 16:40 local time on the 24th, with a focal depth of 10 kilometers. No tsunami warning has been issued so far.January 25th - It was learned on January 24th local time that a US official revealed the next round of trilateral talks between Russia, the US, and Ukraine is expected to be held on February 1st in Abu Dhabi, UAE. Earlier that day, the trilateral talks in Abu Dhabi concluded. Ukrainian President Zelenskyy stated that the days dialogue was broad in scope, the discussions were constructive, and the focus was on the conditions for ending the conflict.Ukrainian President Zelenskyy: Following several days of talks, all parties agreed to report to their respective capitals on all aspects of the negotiations and coordinate follow-up steps with their leaders. The military has drawn up a list of topics that may be discussed at the next meeting. If all parties are ready to move forward with the negotiations—and Ukraine is ready—the next meeting will be held, possibly as early as next week.

The EUR/USD Price Analysis Is Supported By Rebounds From 1.0840-45

Alina Haynes

Apr 11, 2023 14:37

EUR:USD.png 

 

On Tuesday morning, the EUR/USD reaches a new intraday peak near 1.0880 as bulls attempt to regain control following a two-day downtrend. Consequently, the Euro-U.S. dollar pair recovers after the convergence of the 100-day simple moving average and a two-week-long ascending support line.

 

However, the recovery movements of the major currency pair remain elusive unless the quote remains below the 13-day-old horizontal resistance area surrounding 1.0930.

 

A one-week-old descending trend line near 1.0900 is protecting the EUR/USD pair's near-term upside at press time.

 

In the event that the EUR/USD pair maintains strength above 1.0930, the 1.0975 monthly high may serve as the last line of defense for pair sellers before pushing the price to February's high of 1.1033.

 

Alternately, a breach of the 1.0840-45 support confluence would drive the price to the 1.0788 monthly low without hesitation.

 

Future EUR/USD skeptics may be challenged by the 50% and 61.8% Fibonacci retracement levels of the pair's March-April upswing, respectively near 1.0745 and 1.0690.

 

To restore market confidence, supporters of the EUR/USD must surpass 1.0930. The quote remains on the bears' radar despite the fact that 1.0845-40 limits the near-term decline.