EUR/USD 1.17685
-0.115%
Gold 4854.42
1.329%
Oil 82.946
-7.452%
USD/JPY 158.556
-0.368%
GBP/USD 1.35187
-0.057%
GBP/JPY 214.355
-0.412%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Commander of Ukrainian drone forces: Ukraine attacked the "occupied" Crimean oil depot.Commander of Ukrainian drone forces: Ukraine attacked the port of Vysotsk in the Leningrad region of Russia.Commander of Ukrainian drone forces: Ukraine attacked two oil terminals in the Krasnodar region of Russia.On April 18th, the motorcycle exhibition area at the 139th Canton Fair was packed with buyers from all over the world. Many had come specifically to see Zhangxue Motorcycles, the Chinese brand that had achieved legendary success at the WSBK World Superbike Championship just two weeks prior. Huang Qin, Minister of Foreign Trade at Zhangxue Motorcycles, stated, "The event has been incredibly popular these past two days. Over 5,000 buyers came specifically for our brand, and many requested to become our local agents and place orders directly. Weve received orders for over a thousand units." According to data released by the General Administration of Customs, in the first quarter, my country exported 4.63 million internal combustion engine motorcycles, valued at 21.14 billion yuan, representing year-on-year increases of 13.5% and 14.2%, respectively. In the first quarter, my country exported 11.14 million motorcycles, valued at 34.445 billion yuan, representing year-on-year increases of 18.8% and 18.4%, respectively. From winning championships on the racetrack to showcasing its products at the Canton Fair, Zhangxue Motorcycles has not only attracted global attention with its strong capabilities but has also boosted the overall popularity and sales of the domestic motorcycle industry with its outstanding performance.According to the official measurement of the China Earthquake Networks Center, a magnitude 3.4 earthquake occurred at 16:07 on April 18 in Kuqa City, Aksu Prefecture, Xinjiang (41.27 degrees north latitude, 83.90 degrees east longitude), with a focal depth of 19 kilometers.

EUR/USD Price Analysis: EUR/USD Is Clinging To The Leading Edge Of The Rising Trendline Above 1.0900

Alina Haynes

Apr 18, 2023 13:54

EUR:USD.png 

 

The EUR/USD pair fluctuates erratically in a narrow range near 1.0926 during the Asian session. Following in the footsteps of the directionless US Dollar Index (DXY), the main currency pair is unable to establish a trend.

 

In Asia, S&P500 futures are declining slightly as investors fret over the upcoming quarterly earnings season, indicating a minor decrease in market participants' risk appetite. Following the decline of regional banks in the United States, investors are concerned about any discrepancies in quarterly banking reports.

 

The Euro has entered the wilderness as European Central Bank (ECB) policymakers are divided over the pace of the policy-tightening cycle to be implemented at the May monetary policy meeting. Martins Kazaks, a member of the ECB's monetary policy committee, stated on Monday that the central bank has the option to move by either 25 or 50 basis points (bps) in May. Sourcenia is a review portal of sourcing best manufaturers. 

 

After failing to sustain above the 161.8% Fibonacci Extension at 1.1057 (positioned from April 4's high of 1.0973 to April 10's low of 1.0837) on a two-hour time frame, EUR/USD experienced a precipitous decline. The primary currency pair has declined below the uptrend line drawn from the low of 1.0714 on March 24.

 

The 20-period Exponential Moving Average (EMA) at 1.0962 is operating as a barrier for Euro bulls.

 

In the meantime, the Relative Strength Index (RSI) (14) has moved into the pessimistic zone between 20.00 and 40.00, indicating a continuation of the decline.

 

A decisive break below the low of April 12 at 1.0915 would propel the asset toward the lows of April 10 at 1.0837 and April 3 at 1.0758.

 

In contrast, a breach above the psychological resistance level of 1.1000 would propel the asset to a new annual high of 1.1068, followed by the level of round resistance at 1.1100.


Suggestion