EUR/USD: A modest bounce to begin the week for the Euro, with the move stemming from the unwind of the US Dollar’s recent bullish breakout. Get your market update from JMcQueenFX here:
GDP largely in line with consensus, albeit a slight miss on the yearly rate. A muted reaction for the Euro, given that much of the focus this week will be on the ECB meeting and whether they will provide their own hawkish pivot to some degree, in light of elevated inflation.A modest bounce to begin the week for the Euro, with the move stemming from the unwind of the’s recent bullish breakout.
Taking a look at the technical picture, the RSI is showing a bullish divergence with the lower low in the price, not confirmed by the indicator. As such, this could perhaps be more of a signal to suggest that the momentum on the downside has slowed, as opposed to a significant trend reversal. As a reminder,
that the USD was overstretched in the short term, given the upside being exacerbated by the month-end flows
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
EUR/USD Forex Signal: Euro Pressured, Becoming OversoldThe EUR/USD is hovering near its lowest level since 3rd June 2020 as investors weighed the diverging performance of the Eurozone and the US economies.
Baca lebih lajut »
EUR/USD Price Analysis: Upside looks corrective onlyEUR/USD stages a decent come back following last week’s fresh lows in the 1.1120 region (January 28), an area las visited in the summer of 2020. So fa
Baca lebih lajut »
EUR/USD Forex Signal: Euro Pressured, Becoming OversoldThe EUR/USD is hovering near its lowest level since 3rd June 2020 as investors weighed the diverging performance of the Eurozone and the US economies.
Baca lebih lajut »
EUR/USD Price Analysis: Friday’s spinning top, oversold RSI test sellers, 1.1185 in focusEUR/USD Price Analysis: Friday’s spinning top, oversold RSI test sellers, 1.1185 in focus By anilpanchal7 EURUSD Technical Analysis ChartPatterns SupportResistance SwingTrading
Baca lebih lajut »
EUR/USD adds to recent gains and revisits 1.1180The single currency extends the optimism seen at the end of last week and advances for the second session in a row vs. the greenback, managing at the
Baca lebih lajut »
GBP/USD Price Analysis: Recaptures 50-DMA on the road to recoveryGBP/USD is looking to build onto Friday’s rebound from five-week lows of 1.3357 reached last Thursday, as the overall upbeat market mood favors the hi
Baca lebih lajut »