EUR/USD 1.16341
-0.215%
Gold 4507.58
0.663%
Oil 58.618
0.632%
USD/JPY 157.879
0.650%
GBP/USD 1.34060
-0.254%
GBP/JPY 211.655
0.407%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
German Finance Minister: International law applies to all countries, including the United States.January 11 - According to an announcement by Zhongheng Group, based on preliminary calculations by the companys finance department, the net profit attributable to shareholders of the listed company for 2025 is expected to be negative, and the companys operating performance for 2025 will result in a loss.The CEO of Dal Global stated that Dal Global and the Trump Organization will launch a new Saudi real estate project worth $10 billion.January 11 – The Houthi rebels in Yemen issued a statement today (January 11) claiming that Saudi Arabia, through Yemeni Presidential Leadership Council Chairman Ali al-Aimi, has signaled a “restart of the war.” The Houthis warned that any Saudi military action would be met with a strong response. The statement emphasized that any military adventure against Yemen would be devastating and extremely costly. The Houthis stated that Saudi Arabias only option is to fulfill its peace commitments, end its intervention in Yemeni affairs, and withdraw from Yemen.On January 11, media reported that the planned visit to Somalia by Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, originally scheduled for January 9, had been postponed. A spokesperson for the Chinese Embassy in Somalia stated that, following friendly consultations between the Chinese and Somali foreign ministries, China adjusted Wang Yis itinerary due to scheduling conflicts. Both sides are maintaining communication regarding the next steps. China has always attached great importance to its strategic partnership with Somalia, firmly supports Somalias just claims to safeguard its sovereignty, unity, and territorial integrity, and is willing to work with Somalia to continue to deepen and develop cooperation in various fields.

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