EUR/USD Signal: Can Bulls Break 1.1487 After Fed?
The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
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NZD/USD remains under pressure as Fed guidance, rate differentials, dovish RBNZ expectations, and oil-shock risks keep rallies capped near 0.58.
EUR/CHF remains supported by ECB tightening expectations, rising eurozone yields, and the Swiss franc’s carry disadvantage, though 0.95 resistance may slow momentum.
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AUD/JPY remains choppy inside its long-running range as ¥110 support, the 200-day EMA, RBA carry demand, and the Bank of Japan decision guide sentiment.
AUD/USD extends its decline after the Fed rate hike as US dollar strength, firm retail sales, rising inflation risks, and a break below the 50-day MA pressure the pair.
BTC/USD falls below $76,000 as Fed rate hikes, CLARITY Act setbacks, ETF outflows, and bearish chart patterns increase downside pressure.
GBP/USD falls after the Fed rate hike as traders shift focus to the Bank of England decision, strong UK inflation, and key US economic data.
GBP/USD After the Fed: Is the Bearish Move Over?
The recent crypto pullback is being shaped by more than chart resistance. Regulatory disappointment, tighter monetary expectations and rising realized losses among short-term holders (STHs) are now converging in an already unstable market.
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Traders are weighing the prospect of tighter US policy against a market already shaped by oil volatility and concerns around long-term US borrowing costs. That combination leaves the pair in a narrow area where conviction appears limited.
CAD/CHF remains supported by carry trade demand, oil-market strength, and rate differentials as the pair tests 0.5900 resistance.
GBP/CHF remains bullish as carry trade demand, a wide UK-Swiss rate gap, and support above the 50-day EMA keep pullbacks attractive.
The saga from the Middle East intensifies. Not only is WTI Crude Oil being influenced from the Iranian sphere regarding the Hormuz Strait, but another actor has joined as a main attraction within the supply and demand for Crude Oil – Saudi Arabia.
EUR/JPY attempts to rebound from the ¥178 floor as oversold signals, broad yen weakness, intervention concerns, and the Bank of Japan decision drive sentiment.
Copper tests a potential buy-the-dip setup near $6.50 as oversold signals, long-term AI demand, Chile mine constraints, and Fed-driven dollar pressure shape momentum.