empty
 
 
in
सहायता
तुरंत खाता खोलना
ट्रेडिंग प्लेटफॉर्म
जमा/ निकासी

10.07.202408:53 विदेशी मुद्रा विश्लेषण और समीक्षा: Hot forecast for EUR/USD on July 10, 2024

Although senators asked Jerome Powell questions about lowering interest rates, the head of the Federal Reserve gave little away and responded with evasive answers. So, the situation remains unchanged. Today's speech in the House of Representatives is unlikely to bring any new information either. Moreover, the U.S. central bank is waiting for inflation data, which will be released tomorrow. Thus, the most likely scenario is a period of market stagnation.

Exchange Rates 10.07.2024 analysis

Despite the fact that the EUR/USD pair has slowed down its upward cycle, the quote has been holding above the 1.0800 level for five trading days. This points to bullish sentiment.

On the 4-hour chart, the RSI technical indicator is hovering in the upper area of 50/70, which corresponds to an upward trend.

On the same chart, according to the Alligator indicator, two out of the three moving average lines are intertwined. This indicates that the upward cycle is stagnant.

Outlook

The euro could rise further if the price settles above the 1.0800 level. We expect the volume of long positions to increase once the euro is above the 1.0850 mark. The bearish scenario will come into play if the price returns below the 1.0800 level.

Comprehensive indicator analysis in the short term does not have stable indicators due to stagnation. In the intraday period, the indicators are reflecting an upward cycle.

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

Show more
अभी बात नहीं कर सकते?
अपना प्रश्न पूछें बातचीत.