Fundamental Analysis
Friday ke European session mein, EUR/USD pair thoda sa rebound kiya 1.1120 ke qareeb, Thursday ko 1.1174 ke new high se decline karne ke baad. Federal Reserve (Fed) Chair Jerome Powell ke Jackson Hole (JH) Symposium mein address se pehle caution ke karan, main currency pair higher move kiya jab US Dollar (USD) ne apni recent weakness ko continue kiya, respectable recovery move ke baad.
US Dollar Index (DXY), jo Greenback ki value ko six major currencies ke khilaf measure karta hai, Thursday ko 101.00 se 101.60 par rise karne ke baad, Friday ko 101.30 par drop kiya. Flash US S&P Global PMI data ke August ne dikhaya ki Composite PMI stronger-than-expected 54.1 par aaya, jisne US dollar ko sharply rebound karne ke liye majbur kiya. Study ne dikhaya ki services sector ki strong growth ne economic activity ko spur kiya, jabke manufacturing sector ne faster-than-expected pace se shrink kiya.
Investors US economy ko "soft landing" achieve karne ki possibility ko bhi consider kar rahe hain, kyunki price pressures 2% ke targeted rate par return karne ki ummeed hai. July Nonfarm Payrolls (NFP) data ne labour demand mein dramatic slowdown aur unemployment rate 4.3% par rise ko dikhaya, jo November 2021 ke baad highest level hai, US recession ki fears ko intensify karne ke liye.
Analysts ki ummeed nahi hai ki Jerome Powell interest rates ke predetermined trajectory ko provide karega. Lekin, dangers ab dual mandate ke employment aur inflation components ko extend kar rahe hain, woh September mein rate cuts ko advocate kar sakta hai.
Technical Analysis
Investors ki attention Fed Powell ke JH Symposium mein address par focused hai, EUR/USD pair ne 1.1100 ke round-level support ko maintain karne mein kamyab raha. Daily time frame mein channel formation ke breakout ke baad, common currency pair ke prognosis positive raha. Short-to-long-term Exponential Moving Averages (EMAs) ki increased slope se significant upswing hai. 14-day Relative Strength Index (RSI) strong upward momentum ko indicate karta hai, lekin overbought levels ko cross karta hai. Yeh positive region 60.00–80.00 mein oscillate karta hai.
Euro ke bulls 1.1200 ke round-level resistance ko retake kar sakte hain agar December 28, 2023 ke high 1.1140 se clear break hota hai. Downside par 1.1100 ke round-level number par significant support zone hai
Friday ke European session mein, EUR/USD pair thoda sa rebound kiya 1.1120 ke qareeb, Thursday ko 1.1174 ke new high se decline karne ke baad. Federal Reserve (Fed) Chair Jerome Powell ke Jackson Hole (JH) Symposium mein address se pehle caution ke karan, main currency pair higher move kiya jab US Dollar (USD) ne apni recent weakness ko continue kiya, respectable recovery move ke baad.
US Dollar Index (DXY), jo Greenback ki value ko six major currencies ke khilaf measure karta hai, Thursday ko 101.00 se 101.60 par rise karne ke baad, Friday ko 101.30 par drop kiya. Flash US S&P Global PMI data ke August ne dikhaya ki Composite PMI stronger-than-expected 54.1 par aaya, jisne US dollar ko sharply rebound karne ke liye majbur kiya. Study ne dikhaya ki services sector ki strong growth ne economic activity ko spur kiya, jabke manufacturing sector ne faster-than-expected pace se shrink kiya.
Investors US economy ko "soft landing" achieve karne ki possibility ko bhi consider kar rahe hain, kyunki price pressures 2% ke targeted rate par return karne ki ummeed hai. July Nonfarm Payrolls (NFP) data ne labour demand mein dramatic slowdown aur unemployment rate 4.3% par rise ko dikhaya, jo November 2021 ke baad highest level hai, US recession ki fears ko intensify karne ke liye.
Analysts ki ummeed nahi hai ki Jerome Powell interest rates ke predetermined trajectory ko provide karega. Lekin, dangers ab dual mandate ke employment aur inflation components ko extend kar rahe hain, woh September mein rate cuts ko advocate kar sakta hai.
Technical Analysis
Investors ki attention Fed Powell ke JH Symposium mein address par focused hai, EUR/USD pair ne 1.1100 ke round-level support ko maintain karne mein kamyab raha. Daily time frame mein channel formation ke breakout ke baad, common currency pair ke prognosis positive raha. Short-to-long-term Exponential Moving Averages (EMAs) ki increased slope se significant upswing hai. 14-day Relative Strength Index (RSI) strong upward momentum ko indicate karta hai, lekin overbought levels ko cross karta hai. Yeh positive region 60.00–80.00 mein oscillate karta hai.
Euro ke bulls 1.1200 ke round-level resistance ko retake kar sakte hain agar December 28, 2023 ke high 1.1140 se clear break hota hai. Downside par 1.1100 ke round-level number par significant support zone hai
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