EUR/USD 1.15572
-0.033%
Gold 4348.77
0.113%
Oil 77.915
2.157%
USD/JPY 157.836
0.178%
GBP/USD 1.34916
-0.041%
GBP/JPY 212.950
0.135%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
August 10th - Recently, Chip-on Microelectronics independently developed 350nm stepper projection lithography machine (AST6200) successfully passed the process verification of a leading domestic compound semiconductor customer and secured repeat orders. The AST6200 lithography machine can be widely used in power devices, RF front-ends, optoelectronic chips, and MicroLED new displays.On August 10th, SpaceX (SPCX.O) announced a partnership with Tesla (TSLA.O), with an initial investment of $16.8 billion, to build the Terafab chip facility in Texas. A blogger posted that, based on Terafabs announcement, Musk seems to be adopting the "Free Electron Laser" (FEL) technology route to challenge ASMLs (ASML.O) LPP EUV light source and disrupt the monopoly of traditional EUV wafer manufacturing technology. Musks subsequent response seems to confirm this, as he posted "FEL FTW" (FEL For The Win). The slender design of Terafabs factory and Musks reply suggest that Terafab is likely to adopt FEL technology. Although Musks pursuit of FEL is currently just speculation, it has sparked heated discussion within the industry. FEL boasts advantages such as high power, high coherence, tunable wavelength, and higher energy efficiency, theoretically potentially pushing lithography light sources from 13.5nm to 6nm or even shorter wavelengths. However, the massive size of the accelerator system, its cost, and the stability of mass production remain the biggest challenges to industrialization.Iranian Parliament Speaker Ghalibaf: The world today has realized that Iran is not to be trifled with.Iranian Parliament Speaker Qalibaf: The Islamic system is at one of the most critical moments in its history, playing an irreplaceable role in regional and global security and stability.A Yemeni military source said that Yemeni citizens should stay away from areas where Saudi military personnel are concentrated.

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