- EUR / USD Forecast is Bikala in spite of the break in ascending.
- Socgen aims for a faster test of 1,2000 in the midst of American tariffs and Dovidh.
- Geopolitical tensions and FOMC meeting are key stimuli for market viewing.
EUR / USD Forecast remains firm around the middle of 1,1500 after testing a multi-axis top at 1,1632. However, the couple came under pressure while the Middle East crisis again left again on Tuesday after hoping that de-escalation was faded.
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According to Socgen, EUR / USD is resistant despite recent global shocks, which shows a couple filed primarily due to the structural weakening of the American dollar. So the price can test the level 1,2000 faster than expected.
The President Trump has imposed tariffs in key trading partners, the fears of the Global Trading War are. News, paired with the deterioration of conflicts of the Middle East, launched a wave of risk aversion. However, Greenback could not perform until used during the crisis. The dollar index is 98.00 in the three-year side, indicating that the currency sees a decrease in interest in the dollar securely status.
Investors are now looking at the Federal Decisions on the interest rate of the reservation in Wednesday. Fed is expected to hold rates. However, economic projections are important for viewing together with the point, which could add further pressure to the American dollar, especially when the appearance of weak and inflation shows cooling signs.
On data data, European index indices of economic feelings could not leave any impact on para. Macro narration is largely driven by American trade policies, global risks and fed monetary policy. Against this background, EUR / USD remains comfortably above 1,1500 mark, suggesting the transition of feelings in favor of euros.
EUR / USD Technical forecast: Consolidation before interruption
The price of EUR / USD remains consolidation in a small symmetrical triank above the area of 1,1550. The couple now revolves about a 20-period SMA to a 4-hour card. The couple shows a slight break in swing. The termination above 1,1600 would confirm the continuation of the upside down according to 1,1650 to 1,1700. Although the value of RSI is over 50, it moves to the side, suggesting cutting and lack of impetus.
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On the other hand, the couple seems well supported by 1,1500. The breaking level can attract more sellers and pushed towards 1,1400. All in all, the area of the 1,1500 remains the point of the pair.
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