Euro gains bearish strength but needs to break the 1.1300 support level EUR EURUSD $EUR $EURUSD
US markets were closed due to a local holiday, stocks futures are sharply down.treads water just above the 1.1300 level, down on Monday. The pair started the day with strength, approaching the 1.1400 threshold before turning south during London trading hours amid continued weakness among global stocks. The sour mood is directly linked to mounting tensions in Eastern Europe, as West nations suspected an imminent invasion of the Ukrainian Donbass territory by Russia.
Asian and European indexes closed in the red, while US futures edged lower, hinting at persistent risk-aversion in the upcoming sessions. Markit published the preliminary estimates of its February PMIs for the EU. The services sector posted a nice comeback with the German index up to 56.6 and that of the EU printing at 55.8. The manufacturing PMI in both economies came in below expected but well above the 50 level that divides contraction from economic expansion. Germany unveiled the January Producer Price Index, which was up 2.2% MoM and 25% YoY, surpassing the market’s expectations.
The 4-hour chart shows that the pair is now below a congestion of moving averages, which lack directional strength as technical indicators gain bearish traction within negative levels, skewing the risk to the downside without confirming it. A break through the 1.1300 figure should open the door for a steeper decline, moreover, if the downbeat mood persists.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
US Dollar Technical Forecast: EUR/USD, GBP/USD, AUD/USD, USD/CADThe US Dollar put in a doji this week, but a morning star building on the daily that completed on Friday highlights the potential for strength. Get your weekly US Dollar forecast from JStanleyFX here:
続きを読む »
Euro Forecast: Russia-Ukraine Tensions Create Downside Risks for EUR/USDEUR/USD could show a bearish or neutral bias in the coming days amid rising geopolitical tensions in Eastern Europe and increased risk aversion in financial markets. Get your weekly Euro forecast from DColmanFX here:
続きを読む »
EUR/USD approaches 1.1400 as risk-on mood weighs on USD, Russia-Ukraine news, PMIs eyedEUR/USD approaches 1.1400 as risk-on mood weighs on USD, Russia-Ukraine news, PMIs eyed By anilpanchal7 EURUSD RiskAppetite PMI Politics CentralBanks
続きを読む »
EUR/USD risks a move to 1.1280 – UOBFX Strategists at UOB Group suggested EUR/USD could drop further and revisits 1.1280 in the next weeks. Key Quotes 24-hour view: “We expected EUR to t
続きを読む »
EUR/USD retreats from earlier 3-day highs around 1.1390The single currency leaves behind two sessions in a row with losses and pushes EUR/USD back to the vicinity of the 1.1400 mark on Monday. EUR/USD bols
続きを読む »
EUR/USD dips back to low 1.1320s, eroding day’s gains with Putin to recognise breakaway East Ukraine regionsEUR/USD dips back to low 1.1320s, eroding day’s gains with Putin to recognise breakaway East Ukraine regions By Frank_Macro EURUSD RussianFederation
続きを読む »