EUR/USD 1.17866
-0.576%
Gold 4980.86
2.109%
Oil 65.079
4.644%
USD/JPY 154.737
0.946%
GBP/USD 1.35021
-0.478%
GBP/JPY 208.932
0.472%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
February 19th - On February 18th local time, Russia, the United States, and Ukraine responded to the latest round of trilateral talks in Geneva. White House Press Secretary Levitt stated that the latest round of trilateral contact between the US, Russia, and Ukraine "made meaningful progress," and all parties agreed to continue negotiations. However, Levitt also stated that the US continues to sell weapons to its NATO allies for its own defense. Ukrainian Presidential Chief of Staff and member of the Ukrainian negotiating delegation, Budanov, posted on his official social media platform on the 18th that another round of negotiations in Geneva had concluded, and while the dialogue was difficult, it was very important. He stated that the Ukrainian team is prepared to continue negotiations in the near future. Ukraine will persevere. Ukrainian sources stated that the military group made progress on coordinating procedural issues. Russian Presidential Press Secretary Peskov stated on the evening of the 18th that the Geneva negotiations that day lasted shorter than the first day, but this did not mean there was no progress; the Russian delegation participating in the Geneva negotiations would report to President Putin immediately.Reserve Bank of New Zealand Governor Brehman: If we see a shift in pricing behavior, a much stronger economic recovery, and the ability to withstand higher interest rates, we will act and tighten policy sooner rather than later.Reserve Bank of New Zealand Governor Brehman: As the economy recovers, there remains uncertainty about how businesses will adjust their pricing behavior.Reserve Bank of New Zealand Governor Brehman: I am not comfortable at all with inflation at 3.1%.Reserve Bank of New Zealand Governor Brehman: If the inflation outlook changes, the committee will adjust its policy stance to ensure that inflation returns to the target.

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