EUR/USD clings to mild gains around 1.0915-20 during Wednesday’s sluggish Asian session as traders await the all-important US Consumer Price Index (CPI) for March and the Minutes of the latest Federal Open Market Committee (FOMC) Monetary Policy Meeting.
In doing so, the Euro pair keeps the previous day’s U-turn from the lower line of a three-week-old rising wedge bearish chart pattern.
However, the impending bear cross on the MACD and the quote’s multiple failures to remain firmer past 1.0900 teases EUR/USD sellers on a key day.
That said, the pair’s pullback needs to conquer the stated bearish pattern’s support line, around 1.0870 at the latest, to confirm the rising wedge breakdown and lure the sellers.
Following that, the 50-DMA support of near 1.0735 can act as an intermediate halt during the pair’s anticipated fall toward the theoretical target of around 1.0610.
On the contrary, the monthly high of 1.0973 can lure the EUR/USD bulls but the upside remains elusive unless crossing the 1.1000-05 resistance confluence, including the stated wedge’s top line and the February 01 peak.
Also acting as an upside filter is the Year-To-Date (YTD) high marked in February around 1.1035.
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.
더 오래된 의견은 없습니다. 소파를 가장 먼저 잡으십시오.