EUR/USD 1.17968
0.023%
Gold 4493.19
0.199%
Oil 58.415
0.062%
USD/JPY 155.914
-0.216%
GBP/USD 1.35193
0.015%
GBP/JPY 210.707
-0.199%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On December 24th, Mousse Holdings announced that its controlling shareholder, Dongguan Muteng Investment Co., Ltd., holds 165 million shares, accounting for 37.92% of the total shares; Wang Bingkun holds 80.355 million shares, accounting for 18.47%; and Lin Jiyong holds 80.355 million shares, accounting for 18.47%, totaling 326 million shares, accounting for 74.86%. The three parties voluntarily committed not to reduce their holdings in any form within 12 months from the date of listing and circulation of the shares issued before the companys initial public offering, i.e., from December 25, 2025 to December 24, 2026. They have not reduced their holdings of the companys shares in the past twelve months.The Kremlin stated that it is inappropriate to communicate (regarding the form and details of the US proposal for a peace agreement in Ukraine) through the media.Kremlin: (Regarding the US-proposed peace plan for Ukraine) Russia will formulate its own position in the near future and continue to engage.Kremlin: Russian Presidential Special Representative Dmitriev has briefed Russian President Putin on his trip to the United States.On December 24th, the "Action Plan for Special Governance of Quality and Safety of Industrial Products Sold Online (2025-2027)" mentioned the establishment of a database of information on live-streaming marketing entities and a monitoring information system for live-streaming e-commerce. It emphasizes strengthening data sharing and reporting, establishing a database of information on live-streaming marketing entities, organizing monitoring of high-risk live-streaming marketing activities, and distributing clues of illegal and irregular activities discovered to local market supervision departments to urge and guide them to handle them promptly and in accordance with the law. Focusing on online products involving safety, it organizes pilot projects for code assignment and verification, exploring the construction of a mechanism for code assignment at the production source, code verification and display on the platform, and code recognition and usage by consumers. It promotes the participation of online trading platforms in code assignment and verification, strengthens product entry review, encourages the sale of coded products, and promotes the resolution of problems such as "goods not matching descriptions" and counterfeit and substandard products through code verification and source tracing.

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