Review Brokers
No Result
View All Result
Monday, October 2, 2023
  • Login
  • Home
    • Forex Advertising
    • Economic Calendar
    • Contact Us
  • Forex Brokers
    • Best Broker 2023
  • Education
    • Forex Trading Strategies
    • Forex Trading Indicators
    • Forex/CFDs/Cryptos News
    • Promotional Content
  • Forex Promotions
    • Best Promotions
    • Affiliate Program
    • Forex No Deposit Bonus
    • Forex Demo Contest
    • Forex Rebate (Cashback)
    • Forex Live Contest
    • Forex Deposit Bonus
    • Other Promotions
  • Expert Advisors
    • Expert Advisors Price
  • Rebate Service
    • Terms and Conditions of Rebate Services
  • Home
    • Forex Advertising
    • Economic Calendar
    • Contact Us
  • Forex Brokers
    • Best Broker 2023
  • Education
    • Forex Trading Strategies
    • Forex Trading Indicators
    • Forex/CFDs/Cryptos News
    • Promotional Content
  • Forex Promotions
    • Best Promotions
    • Affiliate Program
    • Forex No Deposit Bonus
    • Forex Demo Contest
    • Forex Rebate (Cashback)
    • Forex Live Contest
    • Forex Deposit Bonus
    • Other Promotions
  • Expert Advisors
    • Expert Advisors Price
  • Rebate Service
    • Terms and Conditions of Rebate Services
No Result
View All Result
Review Brokers
No Result
View All Result

EURUSD Forecast: Euro is not out of the woods yet but ECB commentary helps

Admin by Admin
August 18, 2022
in Forex/CFDs/Cryptos News
0
EURUSD
0
SHARES
2
VIEWS

(Eren Sengezer – FXStreet)

– EUR/USD has staged a modest recovery in the early European session.

– ECB’s Kazaks says they will continue to hike rates to battle inflation.

– Focus shifts to weekly Jobless Claims and Existing Home Sales data from the US.

EUR/USD has managed to erase a small portion of its daily losses after having tested 1.0150 in the early European session. The near-term technical outlook suggests that the bearish bias stays intact but the shared currency seems to be holding its ground on hawkish comments from European Central Bank (ECB) officials. 

European Central Bank (ECB) executive board member Isabel Schnabel said earlier in the day that there were a number of indicators pointing to a risk of de-anchoring inflation expectations. Schnabel further noted that inflation concerns before the July rate hike had not been alleviated. Additionally, ECB Governing Council member Martins Kazaks said that they will continue to raise interest rates with the goal of not allowing inflation to become entrenched. Schnabel is scheduled to speak again at 1715 GMT later in the day.

In the second half of the day, the weekly Initial Jobless Claims and July Existing Home Sales data will be featured in the US economic docket. Earlier in the week, we saw some dollar weakness on disappointing Housing Starts data and a similar market reaction could be witnessed in case there is a significant decline in Existing Home Sales.

Meanwhile, US stock index futures trade in negative territory following the heavy daily losses registered in Wall Street’s main indexes on Wednesday. In case safe-haven flows continue to dominate the financial markets in the second half of the day, EUR/USD could have a difficult time gathering recovery momentum.

EUR/USD Technical Analysis

EURUSD

EUR/USD stays within a touching distance of 1.0150 support, where the Fibonacci 23.6% retracement of the latest downtrend is located. If that level fails, interim support seems to have formed at 1.0120 (static level) ahead of 1.0100 (psychological level, static level) and 1.0050 (static level).

On the upside, the 200-period SMA on the four-hour chart aligns as immediate resistance at 1.0180 before 1.0200 (100-period SMA) and 1.0230 (Fibonacci 38.2% retracement).

Read Forex Forecast: Gold, USD/JPY, GBP/USD, AUD/USD, USD/CAD

Post Views: 369

Related posts:

FXStreetUS Inflation Preview: Finally signs of peak inflation? Three scenarios for Core CPI and the dollar OrbexSentiment turns sour into Netflix earnings [Video] MarketNewsEuro rebounds ahead of this week’s ECB meeting [Video] FXStreetUK inflation heading for 11%+ readings later this year as food and energy costs rise FXStreetECB preview: A question of balance as Draghi quits MarketNewsVlad turns on the natural gas, Europe exhales MarketNewsThe commodities feed: EU energy ministers set to meet FXStreetIf gold continues its uptrend, junior miners will benefit
Tags: Euro is not out of the woods yetEuropean sessionForex/CFDs/Cryptos News
30 USD No Deposit Bonus 30 USD No Deposit Bonus 30 USD No Deposit Bonus
Previous Post

Steady after Fed minutes

Next Post

Forex Forecast: Gold, USD/JPY, GBP/USD, AUD/USD, USD/CAD

Admin

Admin

Related Posts

ForexNews
Forex/CFDs/Cryptos News

Economic Headwinds in Europe: Exploring the Lower Trading Figures

July 25, 2023
EUR-USD
Forex/CFDs/Cryptos News

EUR/USD Forecast: Turbulent Times Ahead for the Euro

July 17, 2023
FXcurrencies
Forex/CFDs/Cryptos News

Mastering Murrey Math Lines for Trading USD/JPY and USD/CAD

April 19, 2023
oil
Forex/CFDs/Cryptos News

Navigating the Turbulent Waters of Commodity Markets: Higher Prices and Weaker Margins

April 19, 2023
oil
Forex/CFDs/Cryptos News

Energy Prices Spark Inflation Surge in the US: Expert Analysis

April 17, 2023
Gold
Forex/CFDs/Cryptos News

Gold Forecast: Will it Reach $2040 Again and What are the Risks Involved?

September 11, 2023
Load More
Next Post
Gold

Forex Forecast: Gold, USD/JPY, GBP/USD, AUD/USD, USD/CAD

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result
ADVERTISEMENT
  • Trending
  • Comments
  • Latest
PrimeXBT

PrimeXBT | Step2earn Contest (06.06.22)

May 31, 2022
FBS

FBS | $100 Quick Start Bonus

February 21, 2023
PrimeXBT

PrimeXBT | TradinatoR Contest (27.06.22)

June 6, 2022
xtrade

XTrade | Xmas Season Bonus (26.12.21)

May 24, 2022
CMC Markets

What Is Bitcoin?

52
forexknowledge

What is Forex?

32
Tiomarkets

MT4 vs MT5: What trading platform to choose?

31
CMC Markets

What Is Ethereum?

29
TemplerFX | Grab Your $30 No Deposit Bonus Today

TemplerFX | Grab Your $30 No Deposit Bonus Today

October 2, 2023
Claim Your $30 Free Account with Windsor Brokers

Claim Your $30 Free Account with Windsor Brokers

October 1, 2023
JustMarkets-Grab a Risk-Free $30 Welcome Bonus in Forex Trading

JustMarkets – Grab a Risk-Free $30 Welcome Bonus in Forex Trading

September 25, 2023
Boost Your Profits with OctaFX 50% Bonus Offer

Boost Your Profits with OctaFX 50% Bonus Offer

September 25, 2023

Advertisement

exness

fbs

XM



octafx

icmarkets

XM

Recent Posts

  • TemplerFX | Grab Your $30 No Deposit Bonus Today
  • Claim Your $30 Free Account with Windsor Brokers
  • JustMarkets – Grab a Risk-Free $30 Welcome Bonus in Forex Trading
  • Boost Your Profits with OctaFX 50% Bonus Offer
  • XM Group – How to Claim $30 Forex Welcome Bonus

Connect to ReviewBrokers

facebook twitter telegram
liveinternet liveinternet
Review Brokers

ReviewBrokers Information

Address: Ho Chi Minh City, Vietnam, 70000

Contact us:
– Skype: fxvnpro
– Email:

admin@reviewbrokers.com

reviewbrokers.net@gmail.com

Payment methods:
– Webmoney
– Perfect Money
– Paypal
– Skrill
– Neteller
– Bank Wire
– Bitcoin

Categories

  • Affiliate Program (63)
  • Best Promotions (42)
  • Broker Listing (7)
  • Education (95)
  • Expert Advisors (2)
  • Forex Demo Contest (38)
  • Forex Deposit Bonus (239)
  • Forex Live Contest (53)
  • Forex No Deposit Bonus (30)
  • Forex Rebate (Cashback) (64)
  • Forex Trading Indicators (26)
  • Forex Trading Strategies (15)
  • Forex/CFDs/Cryptos News (963)
  • Other Promotions (51)
  • Promotional Content (14)

Disclaimer

Any promotions, reviews, and other information in the website are just for the information purpose only.

There is no invitation or encouragement to invest in the Financial Market such as CFDs, Forex, Binary Options, Indices, Cryptocurrencies and so on. We disclaim liability for any loss resulting from the use of information contained on this website.

The published comments are private opinions or feedback of the users. ReviewBrokers is not responsible for any information on the website.

Recent Posts

  • TemplerFX | Grab Your $30 No Deposit Bonus Today
  • Claim Your $30 Free Account with Windsor Brokers
  • JustMarkets – Grab a Risk-Free $30 Welcome Bonus in Forex Trading
  • Boost Your Profits with OctaFX 50% Bonus Offer
  • XM Group – How to Claim $30 Forex Welcome Bonus
  • RoboForex Free Welcome Bonus: How to Claim $30 as a Forex Welcome Bonus
  • Winning Gold Trading Strategies
  • Top Forex Brokers with No Deposit Bonuses
  • FBS Global Roadshow: Nurturing Global Trading Communities Worldwide
  • What is a No Deposit Forex Bonus and How to Get It
  • Maximize Profits with Free Forex Trading Bots
  • How to Start Making Money with Forex Trading for Beginners

Risk warning

Please be aware of your investment into trading markets which is high risk and not suitable for everyone.

© 2013 - 2023 Review Brokers - Forex Brokers Review - Rebates Service - Expert Advisors Signals - Forex Promotions & News.

No Result
View All Result
  • Home
    • Binary Options Brokers
    • Forex Advertising
    • Best Brokers 2022
    • Economic Calendar
    • Contact Us
  • Expert Advisors
    • Expert Advisors Price
  • Forex Brokers
  • Education
    • Forex/CFDs/Cryptos News
    • Promotional Content
  • Forex Promotions
    • Best Promotions
    • Forex No Deposit Bonus
    • Forex Demo Contest
    • Forex Rebate (Cashback)
    • Affiliate Program
    • Forex Deposit Bonus
    • Forex Live Contest
    • Other Promotions

© 2013 - 2023 Review Brokers - Forex Brokers Review - Rebates Service - Expert Advisors Signals - Forex Promotions & News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Warning: array_sum() expects parameter 1 to be array, null given in /home/betbonus/reviewbrokers.net/wp-content/plugins/jnews-social-share/class.jnews-social-background-process.php on line 111