EUR/USD 1.14474
0.042%
Gold 3995.41
0.478%
Oil 78.695
-0.240%
USD/JPY 162.245
-0.073%
GBP/USD 1.34644
-0.104%
GBP/JPY 218.458
-0.149%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The Eurozones seasonally adjusted current account for May will be released in ten minutes.The Bahraini military said it intercepted and destroyed several air attacks from Iran on Friday.The German DAX 30 index opened down 145.87 points, or 0.59%, at 24,720.59 on Friday, July 17; the UK FTSE 100 index opened down 1.67 points, or 0.02%, at 10,570.57; and the French CAC 40 index opened down 57.99 points, or 0.69%, at 8,319.87. The Stoxx 50 index opened down 66.36 points, or 1.06%, at 6217.25 on Friday, July 17; the Spanish IBEX 35 index opened down 55.44 points, or 0.29%, at 19182.96 on Friday, July 17; and the Italian FTSE MIB index opened down 506.46 points, or 0.97%, at 51867.5 on Friday, July 17.July 17th - According to real-time data from Lighthouse Pro, as of 3:10 PM on July 17th, the film "Kung Fu Womens Soccer" has surpassed 1 billion yuan at the box office.On July 17, Senior Colonel Jiang Bin, spokesperson for the Ministry of National Defense, issued a statement regarding recent military-related issues. It was reported that the Philippine Defense Minister recently visited Zhongye Island to participate in activities commemorating the tenth anniversary of the "South China Sea Arbitration Ruling." What is your comment on this? Spokesperson Jiang Bin stated that China has indisputable sovereignty over the Nansha Islands, including Zhongye Island, and their adjacent waters. The Philippine Defense Minister, sanctioned by China, is attempting to demonstrate a so-called "tough stance against China" through political posturing and inciting nationalist sentiment, seeking personal political gain, ultimately harming the fundamental interests of the Philippines and its people. The "South China Sea Arbitration Case" was, from beginning to end, a political farce disguised as law; the so-called "ruling" has absolutely no legal effect. China does not accept, recognize, or accept any claims or actions based on this "ruling." No matter how some people in the Philippines perform, it cannot change the historical and legal fact that the relevant islands and reefs belong to China, nor can it shake the firm resolve of the Chinese military to safeguard national territorial sovereignty and maritime rights.

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