EUR/USD 1.16823
-0.004%
Gold 4808.29
-0.494%
Oil 60.478
-0.226%
USD/JPY 158.296
-0.002%
GBP/USD 1.34276
-0.028%
GBP/JPY 212.558
-0.004%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Documents show that Walmart (WMT.N), Microsoft (MSFT.O), and Tiger Global sold shares in PhonePe, an Indian digital payments and financial services company, during its Indian IPO.On January 22, when pressed about the possibility of Jerome Powell remaining on the Federal Reserve Board of Governors until 2028, Trump, who has been searching for a successor, warned, "If that happens, his life wont be very pleasant." Trumps months-long search for a new Fed chairman appears to be nearing its end. Trump said on Wednesday that he has narrowed down his candidates in what is considered a four-way race. "I think weve narrowed it down to three, but actually its two, and I can probably say Ive probably locked in one person in my mind," Trump said. White House National Economic Council Director Hassett was previously considered a leading candidate for the position, but last week Trump expressed concerns that moving Hassett to the Fed would deprive his administration of a strong voice on economic policy. He reiterated this concern on Wednesday. "I would actually prefer him to stay in his current position," Trump said.Ukraines chief negotiator, Umerov, said he met with U.S. special envoys Witkov and Kushner in Davos to discuss security guarantees and post-war reconstruction.According to the Financial Times, US President Trump excluded Bank of America (BAC.N) CEO Moynihan from the invitation list for his reception in Davos.U.S. Republican lawmakers say CVS Health (CVS.N) may have violated antitrust laws.

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