EURUSD’s euphoria wanes

EURUSD pulls back ahead of April 2 tariffs. Support at 1.0765; mixed technical signals. Bearish confirmation below 1.0565.

EURUSD has extended its retreat from the five-month high of 1.0953, trading lower for the second consecutive week, with the bears steering the price toward the key support near 1.0770.  

The latest explosive vertical rally stalled below the 1.1000 threshold, and in the weekly chart, the bulls remain capped under the 200-period exponential moving average (EMA), raising concerns about further downside as investors reassess the impact of reciprocal tariffs, Germany’s defense spending and lower interest rates on economic growth.

On the daily chart, a bullish crossover between the 20- and longer-term EMAs offers a glimmer of hope that the upward trajectory could stay intact. However, a drop below these EMAs, near the 38.2% Fibonacci retracement of the recent upleg at 1.0655, could reinforce selling pressure toward the 50% Fibonacci level at 1.0565. A tentative support trendline from February’s lows adds extra significance to this area – failure to hold there could dampen prospects of a bullish reversal.

Despite the negative slope in the technical indicators, the stochastic oscillator is already within the oversold zone and the RSI has yet to cross below its 50 neutral mark, both suggesting that upside movements or some stability is still possible.

A sustained bullish outlook however could be a tough task. Buyers need to reclaim 1.0953 and break through the psychological 1.1000 barrier to test the crucial falling trendline at 1.1050 stemming from the 2021 peak. A breakout there could pave the way toward the next important barrier at 1.1175-1.1200.

Overall, EURUSD could remain under pressure in the coming sessions, with the 1.0770 area likely acting as support. A breakdown could expose the market to the 1.0600 territory.

規則: CySEC (Cyprus), ASIC (Australia), FSC (Belize), DFSA (UAE), FSCA (South Africa)
read more
Tariffs Ignite Safe-Haven Rally

Tariffs Ignite Safe-Haven Rally

Global financial markets on May 6, 2025, are stabilizing as investors await the Federal Reserve’s two-day FOMC meeting, with major currency pairs trading in tight ranges. Gold and silver rally on safe-haven demand driven by Trump’s new tariff threats and Middle East tensions, while the US Dollar holds steady despite recent weakness.
Moneta Markets | 1小時51分鐘前
ATFX Market Outlook 6th May 2025

ATFX Market Outlook 6th May 2025

U.S. ISM Services PMI for April indicated accelerated expansion. However, the input prices index surged to its highest level in over two years, highlighting rising inflationary pressures likely stemming from tariffs. U.S. Treasury yields inched higher, while the dollar weakened against major currencies like the euro and yen as markets assessed the ongoing uncertainty surrounding President Trump’s
ATFX | 5小時17分鐘前
ATFX Market Outlook 5th May 2025

ATFX Market Outlook 5th May 2025

Last Friday, the April Nonfarm Payrolls report in the U.S. surpassed expectations, indicating a resilient labor market. However, signs of slowing economic momentum, such as a contraction in Q1 GDP and rising jobless claims, raised concerns about a broader slowdown.
ATFX | 1天前
ATFX Market Outlook 2nd May 2025

ATFX Market Outlook 2nd May 2025

Markets rallied overnight on upbeat sentiment. The U.S. Dollar Index extended gains for a third session, reclaiming the 100 mark to close at 100.18, supported by optimism over trade talks and stronger-than-expected ISM manufacturing data. U.S. Treasury yields climbed across the curve, with the 10-year yield at 4.221% and the 2-year at 3.709%. 
ATFX | 4天前
ATFX Market Outlook 30th April 2025

ATFX Market Outlook 30th April 2025

On Tuesday, President Trump signed an executive order combining tariff credits and duty exemptions for specific auto parts to mitigate the impact of auto tariffs. U.S. stocks rose sharply, with the Dow Jones up 0.75%, the S&P 500 gaining 0.58%, and the Nasdaq climbing 0.55%. The benchmark 10-year U.S.
ATFX | 6天前
ATFX Market Outlook 29th April 2025

ATFX Market Outlook 29th April 2025

The S&P 500 index closed nearly flat on Monday after a choppy session, weighed down by losses in mega-cap stocks. Investors focused on several key drivers, including upcoming significant U.S. corporate earnings and critical economic data. Among the three major U.S. stock indexes, the Dow Jones Industrial Average rose 0.28%, the S&P 500 gained 0.06%, and the Nasdaq Composite slipped 0.1%.  
ATFX | 7天前
Technical Outlook on USDJPY, EURUSD, BTCUSD

Technical Outlook on USDJPY, EURUSD, BTCUSD

USDJPY finds solid footing near familiar support zone; BoJ expected to hold rates steady. EURUSD shifts to the sidelines ahead of Eurozone CPI inflation. BTCUSD returns to bullish path as traders await US GDP, core PCE inflation, and Nonfarm Payrolls.
XM Group | 7天前