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① Iran 1. The Iranian Foreign Minister will travel to Baghdad tomorrow. 2. The Iranian Revolutionary Guard says it will take a tougher stance against "violations" by vessels. 3. About 30% of the Iranian population will attend the funeral of the late Supreme Leader. 4. Affected by the Middle East conflict, Irans inflation rate rose sharply to 88.6% year-on-year in June. 5. Following the US strikes against Iran, Iranian drones attacked Bahrain and oil tankers were attacked in the Strait of Hormuz. 6. The Iranian Islamic Revolutionary Guard Corps destroyed eight key US military infrastructure sites at the Ali Salim Air Base in Kuwait and the US Fifth Fleet in Bahrain. ② United States 1. The US strikes Iran again; explosions are heard in the Sirik region. 2. Trump says the US military strikes Iranian missile and drone storage sites. 3. According to CNN: US officials say that when Iran claimed to have attacked US targets in the Middle East, the US "detected several drones," but these drones did not hit their targets. ③ Israel 1. Israeli forces strike southern Lebanon again after the US-Lebanon framework agreement. 2. Israeli Prime Minister: Israel retains all the necessary "safe zones" along its northern border. 3. Israeli National Security Minister: The Lebanon-Israel-US framework agreement is a "major mistake." 4. Israeli official: If Hezbollah launches an attack, Israel will respond strongly. 5. Israeli Defense Minister: Has instructed the Israeli military to prepare for a long-term presence in the "safe zone" in southern Lebanon. 6. Israeli Prime Minister Netanyahu: We are breaking Irans diplomatic axis. We have reached a framework agreement that allows us to end the conflict with Lebanon. ④ Other situations: 1. US media: Trump and Netanyahu have been communicating much less than before. 2. UAE Foreign Minister praises the efforts of the Lebanese and Israeli governments in reaching a framework agreement. 3. Hezbollah: The Israel-Lebanon framework agreement is invalid; refuses to link Israeli troop withdrawal with Hezbollahs disarmament. 4. French Foreign Ministry: Willing to contribute to the implementation of the framework agreement between Lebanon and Israel. 5. Joint Maritime Information Center: Raises the maritime security threat level in the Strait of Hormuz from "medium" to "high". 6. Following the Iranian Revolutionary Guards strike on vessels violating regulations, more ships are seeking permission from Iran. 7. Security sources say an explosive drone attack struck a camp of an Iranian Kurdish opposition group north of Erbil, Iraq. 8. The Lebanese presidential palace stated that Lebanese President Aoun, in a phone call with US President Trump, said Lebanon would assume responsibility for implementing the framework agreement with Israel. President Aoun has requested US assistance to prevent violations of the agreement and to pressure Israel to withdraw from the southern region.According to Fox News: The latest round of US strikes against Iran is larger than last nights operation. US and Bahraini forces shot down nine Iranian drones that were heading towards US forces in Bahrain.According to the Islamic Republic of Iran Broadcasting (IRIB): Several shells struck a village on Qeshm Island.On June 28, U.S. Central Command issued a statement saying that on June 27, under the command of the Commander-in-Chief, U.S. Central Command forces conducted additional strikes against multiple Iranian targets. Following yesterdays U.S. strikes against Iran in response to its attack on the cargo ship "M/V EverLovely," Iran had an opportunity to uphold the ceasefire agreement, but its forces launched a one-way attack drone strike this morning (4:30 AM ET on Saturday), hitting and destroying the oil tanker "M/T Kiku." The Panamanian-flagged tanker was sailing near the Strait of Hormuz at the time, carrying more than two million barrels of crude oil. Today, U.S. Central Command forces responded to Irans continued attacks on merchant ships, with U.S. warplanes striking Iranian military surveillance facilities, communication systems, air defense sites, drone storage facilities, and mine-laying capabilities. Merchant ships continue to transit the Strait of Hormuz. The U.S. military remains vigilant and ready to respond.June 28 - The United States launched a military strike against Iran on June 27 local time.

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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