"EUR/USD Analysis: Price Fluctuations in the Upcoming Period
In Thursday's Asian trading session, EUR/USD pair remained around the 1.0740 level. Following the release of CPI inflation data, the US Dollar (USD) strengthened significantly, exerting pressure on this currency pair.
On the 1-hour chart, the Simple Moving Average (SMA) 20 is trending downwards, indicating that the downward trend may continue. This signals a negative outlook for the price of this currency pair.
Additionally, the Relative Strength Index (RSI) is in overbought territory, suggesting that the price may undergo a correction and rebound from previous declines. This could alter the direction of the currency pair in the near future.
On the 1-hour chart, the Simple Moving Average (SMA) 20 is trending downwards, indicating that the downward trend may continue. This signals a negative outlook for the price of this currency pair.
Additionally, the Relative Strength Index (RSI) is in overbought territory, suggesting that the price may undergo a correction and rebound from previous declines. This could alter the direction of the currency pair in the near future.
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.