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
Trading ditutup: target tercapai
The price tested the support at 1.1427
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.