The Euro may remain pressured against the US Dollar amid Ukraine ahead of the ECB. Still, markets often don’t move in straight lines. What are key EUR/USD reversal warnings to watch? Get your market update from ddubrovskyFX here:
The Euro is coming off the worst week against the US Dollar in almost 2 years. On the daily setting, EUR/continues to be in a precarious state. Markets do not move in a straight line however. Zooming in on shorter timeframes, such as the 1-hour setting, could offer preliminary warnings of exhaustion. Is this the case for the Euro?
It should be noted that the swings of Russia’s attack on Ukraine remain a source of fundamental volatility due to proximity risk for the Euro. The European Central Bank will also be meeting on March 10to set monetary policy. Expectations for a hawkish approach later this year have been notably cut back. Still, proximity risk to theOn the daily chart below, EUR/USD’s slide has brought it closer and closer to lows from April 2020. These make for a range of support between 1.0727 and 1.
Immediate resistance does seem to be the 78.6% Fibonacci extension at 1.0927, followed by the 61.8% level at 1.1048. Let us look at the hourly timeframe to see if there are preliminary signs of exhaustion building up.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
EUR/USD Forex Signal: Euro Pressured as Recession Risks RiseThe EUR/USD pair continued its bearish trend in the overnight session as risks of a European recession rose.
Weiterlesen »
Euro area economy grows by 0.3% in Q4 as expectedThe data published by Eurostat showed on Tuesday that seasonally adjusted Gross Domestic Product (GDP) in the euro area expanded by 0.3% on a quarterl
Weiterlesen »
EUR/USD: 1.07 and 2020 low of 1.0635 are next potential support levels – SocGenEUR/USD recovered yesterday from the intra-day low of 1.0806 but struggled to make much headway, drifting sideways. Economists at Société Générale exp
Weiterlesen »
EUR/USD Forex Signal: Euro Pressured as Recession Risks RiseThe EUR/USD pair continued its bearish trend in the overnight session as risks of a European recession rose.
Weiterlesen »
EUR/USD rallies towards 1.11 the figure as risk appetite surgesEUR/USD is higher by 1.63% at the time of writing after rallying from a low of 1.0890 to print a high of 1.1091. Markets react to the hopes for a shif
Weiterlesen »
EUR/USD remains weak and targets 1.0805 – UOBAccording to FX Strategists at UOB Group, EUR/USD remains under pressure and keeps targeting the 1.0805 level in the next weeks. Key Quotes 24-hour vi
Weiterlesen »