empty
 
 
in
सहायता
तुरंत खाता खोलना
ट्रेडिंग प्लेटफॉर्म
जमा/ निकासी

30.07.202408:52 विदेशी मुद्रा विश्लेषण और समीक्षा: Hot forecast for EUR/USD on July 30, 2024

Last week, the mainstream US media hinted at the possibility of an interest rate cut as early as the Federal Open Market Committee's July meeting. Many expected the current week to begin with further development of this topic. However, nothing of the sort happened. On the contrary, everyone unanimously spoke about maintaining interest rates at their current levels. This has led to a substantial increase in the US dollar. But it would be rash to anticipate a continuation of this trend. There is speculation that Federal Reserve Chair Jerome Powell might almost directly suggest the possibility of lowering the interest rate following the September meeting. Previously, Powell had never given any indications about the timing of the rate cut. This prospect will likely restrain the dollar from further growth. Therefore, today, we are likely to see consolidation around current levels.

Exchange Rates 30.07.2024 analysis

The EUR/USD pair managed to strengthen its short positions during a brief process of regrouping trading forces. As a result, a new local low was established last week, with the quote approaching the support level of 1.0800.

On the 4-hour chart, the RSI indicator is moving in the lower area of 30/50, indicating the appeal of short positions in the market.

Regarding the Alligator indicator on the same time frame, the moving average lines are pointing downward, which corresponds to a descending cycle.

Expectations and Perspectives

To strengthen the corrective cycle, the euro must stabilize below the 1.0800 level. Otherwise, market participants may use this level as support, potentially leading to a gradual recovery of the euro.

Complex indicator analysis indicates a downward cycle in the short-term and intraday time frames.

*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.