Will the data inject vitality into the EUR/USD?
The heavy economic data of the eurozone, Germany and the United States scheduled to be released this week will affect the trend of the euro; Fed officials have entered a period of silence before the May 4 interest rate decision; EUR/USD investors look forward to fluctuations in this week's trend in order to obtain better trading opportunities.
The past week has been difficult for EUR/USD, and the pair has been trading within the range of 90 basis points on Monday.The lack of fundamental driving forces is also detrimental to the breakthrough range, and last Friday it finally closed at a position quite close to Monday's opening level.The trend of the US dollar is closely watched. Although the remarks of hawkish Fed officials threatened the upward trend of the US dollar, the US dollar was basically in a range trading state last week.Members of the U.S. Federal Open Market Committee have entered a period of silence since Monday and will not speak until the meeting on May 4.The recent CME Fed observation tool shows that the next interest rate decision will raise interest rates by 25 basis points, and the three subsequent meetings are expected to remain unchanged.At the beginning of the fourth quarter of this year, the market expects the Fed to start cutting interest rates.
Technical analysis of EUR/USD trend
Judging from the daily chart, EUR/USD was trading in a fairly narrow range last week, with a volatility range of less than 100 basis points.Although fluctuations may cause investors to stay away from the currency pair, breaking through the upper and lower boundaries of the range (weekly low 1.0909 or high 1.0999) may stimulate the subsequent movement of the pair.
On the 14th, ATR is currently located near the lower track of the trend, indicating that volatility is near a two-month low.If this narrow area is broken through, volatility may jump, and investors may be concerned about further support and resistance.EUR/USD is a very important currency pair, so it is difficult to maintain low volatility for a long time.
Retail positions: long positions decrease, short positions increase
Retail position data is a kind of inverse indicator, and the fact that retail investors are net short indicates that the price of EUR/USD may continue to rise.Net short positions increased from yesterday, but decreased from last week.
Combining current sentiment and recent changes, it can be seen that the outlook for EUR/USD is still unclear.
If you want to trade at this time, you can focus on short-term multi-orders, but pay attention to positions.The market is changing rapidly, if you are not sure, you can follow me and I will help you
The past week has been difficult for EUR/USD, and the pair has been trading within the range of 90 basis points on Monday.The lack of fundamental driving forces is also detrimental to the breakthrough range, and last Friday it finally closed at a position quite close to Monday's opening level.The trend of the US dollar is closely watched. Although the remarks of hawkish Fed officials threatened the upward trend of the US dollar, the US dollar was basically in a range trading state last week.Members of the U.S. Federal Open Market Committee have entered a period of silence since Monday and will not speak until the meeting on May 4.The recent CME Fed observation tool shows that the next interest rate decision will raise interest rates by 25 basis points, and the three subsequent meetings are expected to remain unchanged.At the beginning of the fourth quarter of this year, the market expects the Fed to start cutting interest rates.
Technical analysis of EUR/USD trend
Judging from the daily chart, EUR/USD was trading in a fairly narrow range last week, with a volatility range of less than 100 basis points.Although fluctuations may cause investors to stay away from the currency pair, breaking through the upper and lower boundaries of the range (weekly low 1.0909 or high 1.0999) may stimulate the subsequent movement of the pair.
On the 14th, ATR is currently located near the lower track of the trend, indicating that volatility is near a two-month low.If this narrow area is broken through, volatility may jump, and investors may be concerned about further support and resistance.EUR/USD is a very important currency pair, so it is difficult to maintain low volatility for a long time.
Retail positions: long positions decrease, short positions increase
Retail position data is a kind of inverse indicator, and the fact that retail investors are net short indicates that the price of EUR/USD may continue to rise.Net short positions increased from yesterday, but decreased from last week.
Combining current sentiment and recent changes, it can be seen that the outlook for EUR/USD is still unclear.
If you want to trade at this time, you can focus on short-term multi-orders, but pay attention to positions.The market is changing rapidly, if you are not sure, you can follow me and I will help you
Comment:
Normal fluctuation
Comment:
The trend is as expected
Trade active
Trade active