Share:

Intraday EUR/USD OUTLOOK - 0.9828

As euro has fallen after a short-covering rally from Wednesday's fresh 20-year trough of 0.9814 to 0.9910 following Fed's hawkish hike (see MMN), intraday brief break of 0.9814 in Asia to 0.9810 may head to 0.9790/95, reckon 0.9760/65 would hold initially.

Rebound in Asia would bring range trading before down and only above 0.9865 risks retracement to 0.9885/90.

Share: Feed news

Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein. Trendsetter does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.

Follow us on Telegram

Stay updated of all the news

Join Telegram

Recommended Content


Follow us on Telegram

Stay updated of all the news

Join Telegram

Recommended Content

Editors’ Picks

EUR/USD recovers toward 1.0500 amid US Dollar pullback

EUR/USD recovers toward 1.0500 amid US Dollar pullback

EUR/USD is off the YTD lows of 1.0460, recovering toward 1.0500 in the European session on Tuesday. A positive shift in risk sentiment is fuelling a modest US Dollar pullback, supporting the pair. US JOLTS Job Openings data is next in focus amid a light EU economic calendar. 

EUR/USD News

GBP/USD consolidates below 1.2100 ahead of US jobs data

GBP/USD consolidates below 1.2100 ahead of US jobs data

GBP/USD is trading below 1.2100, consolidating near a multi-month trough touched this Tuesday. The pair is finding a floor amid a pause in the US Dollar upsurge and an upbeat market mood. Traders await the US JOLTS Job Openings data for fresh trading impetus. 

GBP/USD News

Gold price struggles to capitalize on modest intraday recovery from multi-month low

Gold price struggles to capitalize on modest intraday recovery from multi-month low

Gold price (XAU/USD) has been trending lower over the past two weeks or so in the wake of the Fed signal that sticky inflation was likely to attract at least one more rate hike in 2023.

Gold News

Chainlink price still trapped in range despite exhausted macro downtrend

Chainlink price still trapped in range despite exhausted macro downtrend

Chainlink price eyes the upper boundary of a range at $8.148. It comes after the macro downtrend concluded, and could be the path to a new confirmed macro uptrend for LINK.

Read more

US JOLTS Preview: Job openings expected to remain broadly unchanged in August

US JOLTS Preview: Job openings expected to remain broadly unchanged in August

JOLTS report will be watched closely by Federal Reserve officials ahead of September jobs data. Job openings are forecast to hold steady at around 8.8 million on the last business day of August.

Read more

Majors

Cryptocurrencies

Signatures