EUR/USD currency pair ne Friday ke New York session ke doran ek notable recovery experience ki, recent decline se sharply bounce back karte hue jo isay ek din pehle 1.0870 ke seven-week high ke kareeb le aaya tha. Pair ko support mila jab US Dollar (USD) mein corrections dekhne ko mile, jo upcoming US core Personal Consumption Expenditures (PCE) Price Index data ke liye uncertainty ke dauran hua. Yeh data release June ke inflation trends par roshni dalega, jo future Federal Reserve (Fed) policy decisions ko influence karega.
1. Critical resistance level 106.10 ko breach karne ki koshish mein resistance ka samna karna pada, jo key economic data releases ke pehle market hesitancy ko reflect karta hai. Notably, agar inflation figures expectations se softer hue, toh yeh earlier Fed rate cuts ke expectations ko sway kar sakte hain, jo typically USD par downward pressure exert karta hai.
2. Conversely, agar robust economic indicators aaye, toh yeh Fed stance ko zyada restrained reinforce kar sakta hai.
Market consensus filhal yeh hai ke Fed interest rate reductions September ke as early as commence kar sakti hai, aur further cuts later in the year anticipate kar rahe hain. Yeh cautious optimism broader concerns ko underscore karta hai potential policy divergences ke beech Fed aur European Central Bank (ECB) ke. Aise divergences ko investors closely monitor karte hain, jo major currency pairs jaise EUR/USD ke relative strengths ko impact karte hain.
Pair ko immediate technical challenges ka samna hai. Key resistance levels mein shamil hain 14-day Exponential Moving Average (EMA) at 1.0855 aur recent range ke upper boundary ke kareeb 1.0870. Agar yeh levels decisively breakout ho jaye, toh further upside ke liye rasta khul sakta hai descending channel ke upper boundary ke aas paas 1.0880, jo potentially psychological barrier at 1.0900 ko target kar sakta hai.
1. Critical resistance level 106.10 ko breach karne ki koshish mein resistance ka samna karna pada, jo key economic data releases ke pehle market hesitancy ko reflect karta hai. Notably, agar inflation figures expectations se softer hue, toh yeh earlier Fed rate cuts ke expectations ko sway kar sakte hain, jo typically USD par downward pressure exert karta hai.
2. Conversely, agar robust economic indicators aaye, toh yeh Fed stance ko zyada restrained reinforce kar sakta hai.
Market consensus filhal yeh hai ke Fed interest rate reductions September ke as early as commence kar sakti hai, aur further cuts later in the year anticipate kar rahe hain. Yeh cautious optimism broader concerns ko underscore karta hai potential policy divergences ke beech Fed aur European Central Bank (ECB) ke. Aise divergences ko investors closely monitor karte hain, jo major currency pairs jaise EUR/USD ke relative strengths ko impact karte hain.
Pair ko immediate technical challenges ka samna hai. Key resistance levels mein shamil hain 14-day Exponential Moving Average (EMA) at 1.0855 aur recent range ke upper boundary ke kareeb 1.0870. Agar yeh levels decisively breakout ho jaye, toh further upside ke liye rasta khul sakta hai descending channel ke upper boundary ke aas paas 1.0880, jo potentially psychological barrier at 1.0900 ko target kar sakta hai.
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