EUR/USD 1.14590
-0.142%
Gold 4177.87
0.538%
Oil 75.627
-1.044%
USD/JPY 161.584
0.185%
GBP/USD 1.32187
-0.107%
GBP/JPY 213.598
0.080%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
More than 100 companies, including Nestlé and Uber (UBER.N), are calling on governments to make electrification a core part of their economic strategies.June 22 – At a press conference held today by the Legislative Affairs Commission of the Standing Committee of the National Peoples Congress (NPC), it was announced that the 68th meeting of the Standing Committee of the 14th NPC has decided that the 23rd session of the Standing Committee of the 14th NPC will be held in Beijing from June 23 to 26. The meeting recommended that the 23rd session of the Standing Committee of the 14th NPC: continue to deliberate on the draft revisions to the Trademark Law, the Certified Public Accountants Law, the Public Interest Litigation Law for Procuratorates, the Antarctic Activities and Environmental Protection Law, and the National Fire and Rescue Personnel Law; deliberate on the motion submitted by the NPC Financial and Economic Affairs Committee to review the draft revision of the Government Procurement Law; and deliberate on the motions submitted by the State Council to review the draft revisions to the Bidding and Tendering Law, the Financial Law, and the Law of the Peoples Bank of China.June 22 – The Democratic Republic of Congo (DRC) Ministry of Health announced on June 21 that the total number of confirmed Ebola cases in the country has risen to 1,003, with 254 deaths. The latest data released by the DRC Ministry of Health on social media platforms shows that 100 people have recovered, and 365 patients are currently in isolation or hospitalized. The countrys contact tracing rate is currently 58%, lower than the health departments target of 95%.June 22 – The Ministry of Health of the Democratic Republic of Congo (DRC) announced on June 21 that the total number of confirmed Ebola cases in the country has risen to 1,003, with 254 deaths. The latest data released by the DRC Ministry of Health on social media platforms shows that 100 people have recovered, and 365 patients are currently in isolation or hospitalized. The countrys current contact tracing rate is 58%, lower than the health departments target of 95%. Relevant departments are intensifying contact tracing and investigation efforts, strengthening community outreach and mobilization, and improving case treatment and testing capabilities.The SC crude oil futures contract fell by 2.00% during the day, currently trading at 503.40 yuan per barrel.

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