Superior broker technology provider since 2010
+1 (315) 675 1086 |

Continues to Put Up a Fight

Overall, the Euro is experiencing volatility, and there are both support and resistance levels that could impact its performance soon.

The EUR/USD saw some volatility during the recent trading session, initially dipping below the 1.07 level but ultimately showing signs of life. While it looks like the Euro may have a little further to go to the upside, there is also a significant amount of resistance above that could come into play, indicating that we could experience major volatility down the road.


Underneath the Euro, we have the 50-Day EMA that could serve as support, followed by the 1.05 level and the 200-Day EMA. The Euro seems to be trying to make an argument for a move higher, but there is also a lot of negativities out there, and it may only be a matter of time before the market begins to believe that the Federal Reserve might mean what it says about fighting inflation through tighter rates.

For months now, the Federal Reserve has come out and stated that it will do everything it can to fight inflation. However, the market has found one reason or another not to believe them. As a result, many market participants now believe that because the Federal Reserve bailed out Silicon Valley Bank, they will almost certainly bail out everyone else. This has led to a loss of credibility for the Federal Reserve, which has been spoon-feeding liquidity to an entire generation of traders. When it comes time to fight inflation, nobody listens, and this could lead to major problems down the road.

  • Unfortunately, this means that something will break again, and we will likely see a lot of US dollar strength in the future.
  • However, volatility continues to be a major issue, and traders cannot count on a move lasting too long in either direction.
  • Longer-term macro-influence traders are getting chopped up now, and it is unlikely that this will change anytime soon.

Overall, the Euro is experiencing volatility, and there are both support and resistance levels that could impact its performance soon. While it may look like the Euro has a little further to go to the upside, traders should be prepared for major volatility down the road. The Federal Reserve’s actions and the market’s response to them will play a significant role in the Euro’s performance. It is important for traders to stay informed and be prepared for sudden market shifts.


Ready to trade our daily Forex analysis? We’ve made a list of the best Forex brokers worth trading with.

Leave a Reply

Your email address will not be published. Required fields are marked *

YourOwnBrokerage is a leading Technology & Business Consulting firm with a specialized focus in Fintech industry.

RISK WARNING: Trading products are highly speculative in nature and carries a significant level of risk which may not be suitable for all investors. Please ensure you fully understand the risks involved and only invest money you can afford to lose. Seek advice from an independent adviser if at all unsure as to the suitability of investing in such instruments.

The content of this website must not be construed as personal advice. We recommend that you seek advice from an independent financial advisor.

The information on this website is not directed to residents of certain jurisdictions where such distribution or use would be contrary to local law or regulation.

© 2009 - 2024 All Rights Reserved.