- EUR / USD Forecast is neutral because markets experience risk aversion.
- The divergence of the fed ECB can continue to support the euro.
- The estuary zone in 1,1500 can help customers to remain an offer.
EUR / USD Forecast has become neutral despite a wide upside trend, because the attack of Israel in Iran has launched a strong danger of risk aversion in the global financial market.
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On Thursday, a couple of EUR / USD pairs marked fresh 2025 about 1,1635 due to US PPI data. Earlier this week, the US CPI data also missed expectations. Subordinate inflation data weakened the US dollar, which resulted in strong upside down to the euro.
ECB members also left some juice comments about monetary policy earlier this week. Finally, they hinted at a facilitating cycle after submitting a decrease in feet of 200 Bps on eight meetings. However, economic prospects are not particularly healthy, and worry about growth remains. Today’s Eurozone inflation data also met expectations. German CPI has come in a 2% goal of ECB, while French CPI slipped 0.6%.
However, a sense of risk arising from Iranian-Israel’s weight conflict on a currency pair. The price slipped more than a hundred pipes since the day started. As Israeli Prime Minister said, the operation will continue until it is necessary. This means that next week will also have to deteriorate in dangerous risk. So the euro will probably experience further weakness.
Key events in front
- Pregnant atom consumer feelings
- Pregnant at the inflation expectations
EUR / USD Technical forecast: CONTECLENCE ZONE FOR LOSS PROTECTION
EUR / USD 4-hour chart shows an interesting scenario. The price retired to the area of 1,1500, where the previous momentum was formed and broken. The same area coincides with the 20-period SMA. This is also a round number that can serve as psychological support.
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It is now necessary to respect whether the price deviates from this estuary or consolidates around it, and then continues the move to the bottom. Interruption below 20-period of a simple average average (SMA) and maintaining this level can collect sales for sale and test support in 1,1440, forward 1,1400.
On the side, stay above the 20-period SMA can be a positive sign and can be pushed according to the 1,1550 surface. RSI sharply transferred from the excessive zone to 50.0 level. The rest above the 50.0 level is another sign of Bullog continuation.
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