1) Market Overview
EURUSD fluctuates around 1.0850 - 1.0960, with a slight upward trend thanks to
- US economic data is below expectations
- ECB maintains a mildly dovish stance, affirming that it will continue to monitor inflation instead of declaring an end to interest rate hikes
This week the market will focus on
- US CPI - which can cause strong fluctuations
- Some statements from ECB and FED members
- Geopolitical risks in the Middle East and Europe
2) Technical Analysis
- Trend: EURUSD is trending slightly upward, the main support level is around 1.0850 and strong resistance is at 1.0970-1.10000
- RSI: fluctuates near the 55-60 zone, not overbought, still has room to increase
- MACD: is crossing the signal line - a potential bullish signal
EURUSD fluctuates around 1.0850 - 1.0960, with a slight upward trend thanks to
- US economic data is below expectations
- ECB maintains a mildly dovish stance, affirming that it will continue to monitor inflation instead of declaring an end to interest rate hikes
This week the market will focus on
- US CPI - which can cause strong fluctuations
- Some statements from ECB and FED members
- Geopolitical risks in the Middle East and Europe
2) Technical Analysis
- Trend: EURUSD is trending slightly upward, the main support level is around 1.0850 and strong resistance is at 1.0970-1.10000
- RSI: fluctuates near the 55-60 zone, not overbought, still has room to increase
- MACD: is crossing the signal line - a potential bullish signal
PREMIUM CHANNEL ✉️
🔴9-12 signals per day
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t.me/xauusdtradingfx
🔴9-12 signals per day
🔴Free knowledge support
🔴24/7 support for newbies.
🔴You always have priority.
t.me/xauusdtradingfx
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
PREMIUM CHANNEL ✉️
🔴9-12 signals per day
🔴Free knowledge support
🔴24/7 support for newbies.
🔴You always have priority.
t.me/xauusdtradingfx
🔴9-12 signals per day
🔴Free knowledge support
🔴24/7 support for newbies.
🔴You always have priority.
t.me/xauusdtradingfx
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.