EUR/USD: Range still intact – OCBC
Euro (EUR) rose sharply post-Powell’s speech last Friday amid USD softness. EUR was last at 1.17 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

Euro (EUR) rose sharply post-Powell’s speech last Friday amid USD softness. EUR was last at 1.17 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

Daily momentum shows signs of turning mild bullish

"Elsewhere on ECBspeaks, Nagel said that economic outlook would need to shift significantly for the ECB to lower borrowing costs again. Rehn said that Inflation is for now in a good place… Any insurance cut just for its own sake wouldn’t be necessary though the ECB must of course be mindful of the risks."

"Lagarde said that inflation has fallen sharply, and at a remarkably low cost in terms of employment but also cautioned that it is difficult to say with confidence whether recent patterns will persist. "

"Daily momentum shows tentative signs of turning mild bullish while rise in RSI moderated. 2-way trades still likely. Resistance at 1.1730, 1.18 levels. Support at 1.1610/50 levels (21, 50 DMAs) and 1.1570 levels. We look for recent range in 1.1620 – 1.1730 to hold."

FXStreet
Trade The World
Lebih dari satu juta pengguna mengandalkan FXStreet untuk data pasar real-time, alat charting, wawasan ahli, dan berita forex. Kalender ekonomi komprehensif dan webinar edukatif membantu trader tetap mendapat informasi dan membuat keputusan terukur. FXStreet memiliki sekitar 60 profesional yang tersebar antara kantor pusat Barcelona dan berbagai wilayah global.
Read More

LIVE QUOTES

Name / Symbol
Chart
% Change / Price
GBPUSD
1 D change
+0%
0
EURUSD
1 D change
+0%
0
USDJPY
1 D change
+0%
0

ALL ABOUT FOREX

Jelajahi Lebih Banyak Tools
Akademi Trading
Jelajahi berbagai artikel edukasi yang mencakup strategi trading, wawasan pasar, dan dasar-dasar keuangan, semua dalam satu tempat.
Pelajari Lebih Lanjut
Kursus
Jelajahi kursus trading terstruktur yang dirancang untuk mendukung pertumbuhan Anda di setiap tahap perjalanan trading Anda.
Pelajari Lebih Lanjut
Webinar
Ikuti webinar langsung dan on-demand untuk mendapatkan wawasan pasar real-time dan strategi trading dari para ahli industri.
Pelajari Lebih Lanjut