EUR/USD 1.19402
-0.113%
Gold 5485.57
1.279%
Oil 64.461
1.784%
USD/JPY 153.436
0.020%
GBP/USD 1.37823
-0.181%
GBP/JPY 211.474
-0.146%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On January 29th, Zhongman Petroleum issued an announcement stating that the companys stock price had deviated by more than 20% cumulatively over the two consecutive trading days of January 28th and 29th, indicating significant stock price volatility. Investors are advised to be aware of the risks of secondary market trading and invest rationally. Recently, the international crude oil market has been affected by multiple factors, including fluctuating geopolitical situations and supply and demand dynamics, resulting in wide price fluctuations. Short-term oil price volatility remains highly uncertain; investors are advised to be aware of the risks.January 29th - Barclays analysts stated that Glencores fourth-quarter production report exceeded expectations. The commodities mining and trading companys production of copper, cobalt, zinc, coking coal, and thermal coal all surpassed analysts expectations. They noted that the decline in cobalt production reflected the companys proactive planning to prioritize copper production.According to RIA Novosti: Russian troops have taken control of Bila Bereza in Sumy Oblast, Ukraine.On January 29th, WeChat Security Center issued a notice regarding its crackdown on third-party violations. With the Spring Festival approaching, a peak season for marketing activities and various violations, WeChat has recently taken action against third-party violations that seriously disrupt the ecosystem and infringe upon user rights. These violations mainly fall into three categories: first, false marketing and related fraudulent activities; second, excessive marketing and inducement to share that damage user experience; and third, behaviors that pose data security risks and include the use of plug-ins, directly threatening user privacy and security.According to Irans Tasnim News Agency, the Iranian military has received a contract to purchase 1,000 strategic drones.

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.


Suggestion