USDX
104.998

0.37%

XAUUSD
1810.93

0.21%

WTI
106.618

1.98%

EURUSD
1.04126

0.67%

GBPUSD
1.20948

0.63%

USDJPY
135.243

0.34%

USNDAQ100
11593.30

0.83%

Global Markets

Home
News
Columns

Topics Columnists

Trending Topics

Russia-Ukraine Conflict

The war between Russia and Ukraine continues, and it is difficult for the two sides to reach an agreement in negotiations. Western countries have imposed several rounds of sanctions on Russia. The outlook is unpredictable.

The Fed

The Federal Reserve announced a 50 basis point interest rate hike at the May FOMC meeting, and started a gradual balance reduction plan from June 1. The initial reduction of the balance sheet was US$47.5 billion per month in treasury bonds and MBS, which increased to US$95 billion after three months.

China-U.S. Relations

How will China-U.S. relations develop in the future, win-win cooperation or confrontation?

FastBull Spotlights

Pick the most insightful news around the world for you!

Top Columnists

FastBull Featured

The latest breaking news and the global financial events.

FastBull

Hi there! Are you ready to get involved into the financial world?

Devin Wang

I have 5 years of experience in financial analysis, especially in aspects of macro developments and medium and long-term trend judgment. My focus is maily on the developments of the Middle East, emerging markets, coal, wheat and other agricultural products.

Winkelmann

7 years of stock market, foreign exchange, precious metal and other trading and analysis experience, based on fundamental, technical support, biased towards the top-down transaction logic, focusing on macro cycle and risk control, multi-purpose supply and demand theoretical prediction price Changes, balances the impact of transactions, chips distribution and market sentiment, and steady.

7x24
Economic Calendar
Quotes

Videos

Trading AcademyDaniel Market Outlook

Latest Update

LUNC Madness As Bitcoin Roller Coaster Continues

Bitcoin burst below 20000, LUNC is difficult to support, what should investors do? Crypto company Celsius spirals toward bankruptcy, people are questioning if they can get their money back if Celsius go bankrupt?

Mining Sector Biggest Disaster Is Happening | LUNC Skyrocket Again!

Worried about falling profits and high fixed costs, investors have been dumping publicly traded bitcoin miners like Riot Blockchain and TeraWulf. And, Terra Luna Classic is pumping! How high will $Lunc go?

A Day Has Locked For LUNC PROPOSAL To Be Implemented! LUNC Price Skyrocket!

Luna classic price has been exploding and the LUNC breakout is now over 30% on the day while trading volumes have tripled! A new proposal aims to re-enable Staking/Delegations on Terra Classic will be taken place on August 22nd.

FTX Bailouts Voyager and BlockFi. Is Your Money Safe Now?

The Sam Bankman-Fried (SBF) FTX and Alameda Research rescue tour are well underway in the broader cryptocurrency space, with both BlockFi and Voyager taking $250 million and $200 million loans respectively from SBF company bailouts.

Data

Data Warehouse Market Trend Institutional Data Policy Rates Macro

Market Trend

Speculative Sentiment Orders and Positions Asset Correlation

Popular Indicators

Analysis
AI Signals

Trading Signals

Recommended Signals

Pro
Recent Searches
    Trending Searches
      Quotes
      7x24

      View All

      No data

      Login

      Sign Up

      FastBull user

      • My Favorites
      • Following
      • My Subscription
      • Personal Info
      • Orders
      • Account Settings
      • Sign Out
      English
      • English
      • 简体中文
      • 繁體中文
      Reminder Settings
      • Economic Calendar
      • Market Quotes

      Reminders Temporarily Unavailable

      Feedback
      0 /250
      • Attach an Image
      • Attach an Image
      • Attach an Image
      • Attach an Image
      0/4
      Contact Information (optional)
      Submit

      EURUSD: Here Comes EUR Weakness as It Falls Back after a Rise

      Summary:

      Ukraine has cut off Russia's natural gas pipeline to Europe, making the situation worse for the already energy-starved Europe. If this problem cannot be solved, there will be a series of knock-on bearish reactions against the EUR.

      Sell EURUSD
      EXP
      EXPIRED

      1.04231

      ENTRY PRICE

      1.03727

      TGT PRICE

      1.04655

      SL PRICE

      1.04126 -0.00701 -0.67%

      --

      Point

      EXPIRED

      1.03727

      TGT PRICE

      1.05502

      CLOSING

      1.04231

      ENTRY PRICE

      1.04655

      SL PRICE

      Fundamentals

      After last Thursday's sharp fall, the EUR fluctuated upward on Friday, rising 0.31% to 1.0411, with signs of a pullback, which is driven by a small drop in the USD. At present, the eurozone is facing a series of problems such as deteriorating terms of trade, economic slowdown, high inflation, etc. In addition to the increasingly serious monetary polarization with the Federal Reserve, the overall performance of the EUR is weak.
      In addition, on May 11, Ukraine's natural gas transportation service company suddenly cut off a large gas transmission hub from Russia to Europe, which transported almost one-third of Russia's natural gas to Europe. This will make the situation worse for the already energy-starved Europe. Russia has been occupying land in Luhansk recently, but even the occupation of pipeline facilities will not affect the overall security, because the pipeline was originally jointly built by Russia and Ukraine. There is no technical communication barrier between the two countries, and Russia will not cut off the buyer's backup plans. Therefore, some analysts believe that this operation by Ukraine is "holding" western countries hostage, putting pressure on Russia to help Ukraine in its demand of "restarting after recovering its territory".
      This move by Ukraine will undoubtedly lead to a further increase in energy prices in Europe. At the same time, due to the strong negative correlation between the terms of trade and energy prices, this will further worsen the terms of trade, which will have a negative income effect on the eurozone. In other words, if this problem cannot be solved, the EUR will fall further.

      Technical Analysis

      In the 1W timeframe, the EUR has fallen below the downward path to open a new round of decline. During EUR's callback, the focus should be given to 1.0467. The EUR will always be in a downward trend before this line is broken. The lower support was a 17-year low of 1.035.
      EURUSD: Here Comes EUR Weakness as It Falls Back after a Rise_1In the 4H timeframe, the EUR fluctuated within a narrow range of 1.04182-1.03924 in the short term. Special attention should be given to the short-term strong support interval of 1.03640-1.03497. If it falls below this line, it is expected to fall to 1.03206, which is the location of the gold division line 50.0 in the 1998-2000 downtrend. In terms of indicators, Stoch showed a significant downward trend; In the DMI, although -DI is lower and located at 12, +DI is also nearby, indicating that the EUR's increase is limited; The same is true for the Ichimoku chart.

      EURUSD: Here Comes EUR Weakness as It Falls Back after a Rise_2

      Trading Recommendations

      Trading direction: Short
      Entry price: 1.0435
      Target price: 1.03727
      Stop loss: 1.04655
      Support: 1.04182, 1.03924, 1.03640
      Resistance: 1.04353, 1.04700, 1.0500
      Risk Warnings and Investment Disclaimers
      You understand and acknowledge that there is a high degree of risk involved in trading with strategies. Following any strategies or investment methodologies is the potential for loss. The content on the site is being provided by our contributors and analysts for information purposes only. You alone are solely responsible for determining whether any trading assets, or securities, or signal, or any other product is suitable for you based on your investment objectives and financial situation.

      Quick Access to AI News

      Quick Access to Editor-selected News

      Full Access to Pro Video Channel

      FastBull project team is dedicated to create exclusive videos

      Real-Time Quotes

      Market quotes in the free version update every 3 seconds. Market quotes in the paid version update in real-time.

      More comprehensive macro data and economic indicators

      Members have access to entire historical data, guests can only view the last 4 years

      Member-only Database

      Comprehensive forex, commodity, and equity market data

      Devin Wang

      Analyst

      I have 5 years of experience in financial analysis, especially in aspects of macro developments and medium and long-term trend judgment. My focus is maily on the developments of the Middle East, emerging markets, coal, wheat and other agricultural products.

      Rank

      9

      Articles

      761

      Win Rate

      25.00%

      P/L Ratio

      1.11

      Focus on

      XAUUSD, EURUSD, GBPUSD

      Related Analysis

      XAUUSD: Gold Loses Risk-Aversion Support, Short-Term Gains May Stop at 1833.67

      EXPIRED

      XAUUSD: After Four Consecutive Bull Candles, Gold Falls into Consolidation; Try to Short at Highs

      PROFIT +36 Points

      USDCAD: CAD Hard to Fall Below Triple Support, to Fluctuate between 1.28619 and 1.27591 in the Short Term

      LOSS -26 Points

      EURUSD: EUR Gains Blocked in Oscillation Range, Short-term Focus on 1.060

      EXPIRED

      GBPUSD: Follow-up Trend of GBP will Mainly Be Depreciation

      LOSS -307 Points
      FastBull
      TelegramInstagramTwitterApp StoreApp StoreApp StoreGoogle Play

      Copyright @Fastbull Ltd

      Home News Columns AI News Economic Calendar Quotes Videos Data WarehouseAnalysis AI Signals Pro User Agreement Privacy Policy About Us

      Risk Disclosure

      The risk of loss in trading financial assets such as stocks, FX, commodities, futures, bonds, ETFs or crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.

      No consideration to invest should be made without thoroughly conduct your own due diligence, or consult with your financial advisors. Our web content might not suit you, since we have not known your financial condition and investment needs. It is possible that our financial information might have latency or contains inaccuracy, so you should be fully responsible for any of your transactions and investment decisions. The company will not be responsible for your capital lost.

      Without getting the permission from the website, you are not allow to copy the website graphics, texts, or trade marks. Intellectual property rights in the content or data incorporated into this website belongs to its providers and exchange merchants.