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On March 25, 2026, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, held a telephone conversation with Egyptian Foreign Minister Abdel-Ati at the latters request. Wang Yi stated that both China and Egypt are responsible major powers, opposing military action without authorization from the UN Security Council, attacks on civilians and civilian infrastructure, and disapproval of the spillover effects on Gulf states. The situation in the Middle East is rapidly changing, with the US and Iran both releasing signals of negotiation, offering a glimmer of hope for peace. Continuing this war will only bring more casualties and unnecessary losses, leading to further spillover effects. The international community should actively promote dialogue among the conflicting parties; as long as talks begin, there is hope for peace. The Security Councils actions should help ease tensions and promote dialogue, preventing the escalation of the conflict and not granting a license for the use of force. China supports Egypts continued mediating role in promoting the resumption of peace talks and a cessation of the war, and China is willing to continue making constructive efforts in this regard.On March 25, 2026, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, spoke by phone with Turkish Foreign Minister Fedan Ibrahim at the latters request. Wang Yi stated that the rights and wrongs of the Middle East conflict are very clear, and the international community needs to maintain an objective and impartial stance. Currently, the conflict is rapidly spilling over into the entire region. The urgent task is to actively promote peace talks, seize the opportunity for peace, and push for an end to the fighting. China supports regional countries in remaining calm, rationally addressing the current crisis from the perspective of long-term and fundamental interests, adhering to resolving contradictions and differences through dialogue, and supporting Turkey in playing a constructive role in promoting the resumption of negotiations.US President Trump: The current chaos at the airport is the fault of the Democrats. They want our country to perform poorly. They want our country to fail. They undermined the bills that have already been signed because they want to take care of criminals who illegally entered our country, not American citizens. I may call in the National Guard to provide more assistance.Ukrainian Foreign Minister: In early 2022, while most of the world was still adjusting to the situation, Ukraine had already recaptured the Kyiv region and other areas with limited external support.Ukrainian Foreign Minister: Ukraine has recovered more territory than Russia occupied, and we achieved this primarily through our own capabilities. In early 2022, while most of the world was still adjusting, Ukraine had already recaptured the Kyiv region and other areas with limited external support.

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.


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