30.03.202612:35 Forex Analysis & Reviews: EUR/USD. The Pair Will Remain Under Pressure

Relevance up to 04:00 UTC--4

Essas informações são fornecidas a clientes profissionais e de varejo como parte da comunicação de marketing. Elas não contêm e não devem ser interpretadas como consultoria, recomendação de investimento ou uma oferta ou solicitação para se envolver em qualquer transação ou estratégia em instrumentos financeiros. O desempenho passado não é uma garantia ou previsão de desempenho futuro. A Instant Trading EU Ltd. não se responsabiliza pela exatidão ou integridade das informações fornecidas, ou por qualquer perda decorrente de qualquer investimento com base em análises, previsões ou outras informações fornecidas por um funcionário da Empresa, ou de outra forma. O termo de responsabilidade completo está disponível aqui.

The EUR/USD pair remains under pressure amid increased demand for U.S. government bonds against the backdrop of the Middle East crisis, where an escalation in the form of a U.S. ground operation against Iran may occur in the near future. How exactly this will unfold remains to be seen, but one thing is clear: rising oil prices will support demand for the U.S. dollar, along with expectations that the Federal Reserve will maintain its monetary policy in the foreseeable future, with a risk of rate hikes by the end of the current year.

Against this background, a gradual strengthening of the U.S. dollar in the Forex market can be expected.

From a technical perspective, the pair has fallen below the 1.1500 level, which may lead to a local decline by the end of the current week.

Technical picture and trading idea:

Price is below the middle Bollinger Band line, below the 5-period SMA and the 14-period SMA. The RSI is below the 50% level and is gradually declining. The Stochastic indicator is above the oversold zone and is not providing clear signals.

A consolidation below the 1.1500 level may lead to a decline toward 1.1400 as early as this week. A potential entry point for selling could be around 1.1490.

Voltar a lista

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.