EUR/USD 1.16783
0.003%
Gold 4616.86
2.163%
Oil 86.290
0.427%
USD/JPY 158.995
-0.035%
GBP/USD 1.36466
0.123%
GBP/JPY 216.979
0.098%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On August 22, Iranian Foreign Ministry spokesman Baghae said that the United States announcement of new economic sanctions against Iran goes far beyond an ongoing illegal "economic war" against a single country and has no basis in international law. Baghae posted on social media early on August 22 that such sanctions violate the principle of sovereign equality in the UN Charter. This "economic coercion that forces a sovereign state to change its legitimate policy choices" constitutes a completely illegal act.On August 22, it was reported that on August 21, the foreign ministers of eight countries—Egypt, Jordan, the UAE, Indonesia, Pakistan, Turkey, Saudi Arabia, and Qatar—issued a joint statement condemning Israels continued illegal settlement policy in the occupied Palestinian territories and firmly opposing the "E1 Block" settlement plan and related settlement activities in East Jerusalem. Israel occupied East Jerusalem and parts of the West Bank during the 1967 Six-Day War and has been building Jewish settlements there. On August 18, the Israeli government issued a tender notice for 1,234 housing units in the "E1 Block" settlement project. In August 2025, Israeli Finance Minister and far-right politician Smothrich claimed he planned to approve the construction of 3,401 housing units in the "E1 Block," aiming to "destroy the Palestinian state concept."On August 22, US President Trump, speaking to supporters in Myrtle Beach, South Carolina, stated that the US hadnt built a new car factory in 40 years, and now more factories are under construction than ever before. Trump also said, "My favorite word is tariff, but it gets attacked by the fake media. They say if tariff is my favorite word, then what about God? What about religion? What about your wife, your children? Your family? So I put tariffs in fifth place... Now I have no problem with the media." Trump also mentioned that last month, US inflation fell at its fastest pace in years, and the number of employed Americans is now higher than at any time in US history.U.S. Energy Secretary: Oil flows smoothly through the Strait of Hormuz thanks to the protection of the U.S. Navy.US President Trump: We will never let Americans fall behind, because we prioritize America.

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