The EUR/USD pair trades on a softer note near 1.0775 during the early European hours on Friday. The downtick of the major pair is supported by the renewed US Dollar (USD) demand amid hawkish comments from Federal Reserve (Fed) officials. Later on Friday, the US Michigan Consumer Sentiment Index for May will be released, which is projected <wbr>to drop from 77.2 in April to 76.0 in May.
According to the daily chart, EUR/USD has traded within a descending trend channel since mid-December 2023. The bearish outlook of the major pair remains intact, as it is below the key 100-period Exponential Moving Average (EMA). However, the 14-day Relative Strength Index (RSI) stands in bullish territory around 55, indicating that further upside cannot be ruled out.
The key resistance level for EUR/USD will emerge at the 1.0790–1.0800 region, portraying the 100-day EMA and the upper boundary of the descending trend channel. The next upside barrier is seen near a high of April 9 at 1.0885. The additional upside filter to watch is a high of March 21 at 1.0943, followed by March 8 at 1.0981, and finally the 1.1000 psychological level
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.
