EUR/USD has continued to erase its daily gains and retreated toward the 1.0840 area, despite substantial gains on Wall Street. FOMC Chairman Jerome Powell's and ECB President Lagarde's appearance at the IMF event could add noise in the upcoming hours.
The EUR/USD pair is in an upward corrective phase that may continue in the upcoming sessions. It peaked at 1.0935, briefly surpassing the 38.2% retracement of its latest daily slide at 1.0920, now trading below it. The daily chart shows that it is up for a third consecutive day but that sellers rejected the advance at around a bearish 20 SMA. Meanwhile, the longer moving averages accelerated their declines above the shorter one, as technical indicators keep advancing within negative levels.
The 4-hour chart shows that the pair is retreating from a mildly bearish 100 SMA, while technical indicators turned lower after nearing overbought readings but hold within positive levels. At the same time, the 20 SMA heads higher below the current level, limiting the bearish potential of the pair. Renewed buying interest beyond the 1.0920 level should lead to a continuation of the corrective advance, while further slides below 1.0860, the immediate Fibonacci support level, should put the pair back on the bearish track.
Support levels: 1.0860 1.0825 1.0790
Resistance levels: 1.0920 1.0970 1.1015
昨日來自德國的數據超出預期。三月份的工業生產增加了3.0%,而此前預測為0.9%,二月份則下降了1.3%。
預計歐元/英鎊貨幣對將逆轉其下行趨勢並開始上漲。自4月11日以來的楔形下降顯然具有調整結構,並且這一下行走勢已顯示出首次疲軟和觸底的跡象。
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