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2021年迪拜外汇博览会获颁赠
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Capital Finance International Magazine (CFI.co)颁赠
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2021年埃及Smart Vision Investment Expo博览会获颁赠
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CFI.co于2021年颁赠
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荣获Global Forex Awards 2021 — 零售外汇 颁赠
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荣获Global Forex Awards 2021 — 零售外汇 颁赠
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World Finance 2021颁发
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World Finance 2021颁发
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认证最优金牌级别
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2014年首届亚军
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Finance Magnates 颁发
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COLWMA 2024年颁赠
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荣获2023年City of London Wealth Management Awards
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荣获2021年City of London Wealth Management Awards
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Capital Finance International Magazine (CFI.co)颁赠
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认证最优金牌级别
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market analysis
【XM Forex】--EUR/USD Forecast: Continues to Struggle
Risk Warning:
The purpose of information release is to warn investors of risks and does not constitute any investment advice. The relevant data and information are from third parties and are for reference only. Investors are requested to verify before use and assume all risks.
Hello everyone, today XM Forex will bring you "【XM Forex】--EUR/USD Forecast: Continues to Struggle". I hope it will be helpful to you! The original content is as follows:
- The Euro has gone back and forth during the course of the trading session here on Thursday as we are above the 1.16 level.
- But really at this point in time, you have to keep in mind that the market is likely to continue to be very choppy at this time of the year.
- We have issues with volume and volatility because of lack of participation, but we also have plenty of concerns out there as to where we go next.
The 1.16 level underneath is significant. As far as importance is concerned, it was previous resistance, was support, and now it looks like it is a bit of a magnet for price at this point.
Is Uptrend Still Intact?
It'll be interesting to understand how we see this as a uptrend or if we are just pulling back into a fair value gap after a double top. If we break down below the 1.15 level, I think the bottom falls out in the euro as the European Central Bank is almost certainly at the very least going to sit still and the Federal Reserve may be a little bit more stubborn about cutting rates than people think or maybe hope.
That being said, it'll be interesting to see how this plays out. We are definitely at a point of inflection, but we're also in the month of August, which means there may be a serious lack of participants. And in this environment, I expect a lot of back and forth more than anything else.
I'd be a bit surprised to see the Euro break above the 1.18 level, but if it does, that's obviously a strong sign. And then we will go looking at 1.20. Anything above there could kick off a multiyear situation of strength.
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