Macro approach:
- The euro-dollar advanced after softer US producer prices cooled expectations for further Fed rate hikes.
- At the same time, ECB officials warned that renewed Middle East tensions could lift energy costs and keep inflation pressures in play.
- EURUSD may stay volatile as traders weigh geopolitics against the evolving ECB policy outlook.
Technical approach:
- After breaking above both EMA, EURUSD broke the key level at 1.1423 and surged higher. The price is above golden-crossed EMAs, suggesting a potential bullish trend shift.
- If EURUSD remains above the support at 1.1423, the price may rise higher than toward the ascending channel's upper bound and the immediate resistance at 1.1500.
- On the contrary, if EURUSD closes below 1.1423, the price may test both EMAs and the next support at 1.1427.
Analysis by: Quoc Dat Tong, Senior Financial Markets Strategist at Exness
- The euro-dollar advanced after softer US producer prices cooled expectations for further Fed rate hikes.
- At the same time, ECB officials warned that renewed Middle East tensions could lift energy costs and keep inflation pressures in play.
- EURUSD may stay volatile as traders weigh geopolitics against the evolving ECB policy outlook.
Technical approach:
- After breaking above both EMA, EURUSD broke the key level at 1.1423 and surged higher. The price is above golden-crossed EMAs, suggesting a potential bullish trend shift.
- If EURUSD remains above the support at 1.1423, the price may rise higher than toward the ascending channel's upper bound and the immediate resistance at 1.1500.
- On the contrary, if EURUSD closes below 1.1423, the price may test both EMAs and the next support at 1.1427.
Analysis by: Quoc Dat Tong, Senior Financial Markets Strategist at Exness
Trade fechado: objetivo atingido
The price tested the support at 1.1427
Aviso legal
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.