fbpx

Daily Market Analysis 25.05.2022: EURUSD

Instrument: EURUSD

Technical Analysis

Bullish Preference:  
Buy position is envisaged if price trades above 1.07188 with take profit at 1.07356
Bearish Preference: 
Sell position is envisaged if price trades below 1.06529 with take profit at 1.06382
Fundamentals:
USD    1:30pm    Core Durable Goods Orders m/m            
Durable Goods Orders m/m      
7:00pm     FOMC Meeting Minutes

Comment:
The U.S. dollar index hit nearly a one-month low on Tuesday after European Central Bank President Christine Lagarde said euro zone interest rates will likely be in positive territory by the end of the third quarter, giving the euro a boost. Lagarde’s comments implied an increase of at least 50 basis points to the ECB deposit rate and fueled speculation of bigger hikes this summer to fight a surge in inflation tied to rising energy prices caused by the war in Ukraine and massive public-sector stimulus after the onset of the coronavirus pandemic.

Analysis: SCRUM Team

Leave a Comment

Your email address will not be published.

×
Free Online Class
Select the fields to be shown. Others will be hidden. Drag and drop to rearrange the order.
  • Image
  • SKU
  • Rating
  • Price
  • Stock
  • Availability
  • Add to cart
  • Description
  • Content
  • Weight
  • Dimensions
  • Color
  • Additional information
  • Attributes
  • Custom fields
Compare
Wishlist 0
Open wishlist page Continue shopping