Daily Technical Analysis:EUR/USD、Gold
Introduction: Welcome to our daily technical analysis of the financial markets, focusing today on EUR/USD and Gold. Let's dissect the latest news, market trends, and crucial price levels to watch out for.
1. EUR/USD Analysis:
News Summary:
The President of the European Central Bank said that in order for the euro to realize its full potential, Europe must consolidate three basic pillars: geopolitical credibility, economic resilience, and legal and institutional integrity. The market is witnessing a profound change in the global order. The dominance of the US dollar has become uncertain, and protectionism and bilateral power games have gradually replaced it. This uncertainty is damaging the European economy. However, it also provides opportunities for Europe, prompting the euro to gain a higher status in the world.
Trend Analysis:
We can see EUR/USD fell from its H4 level high and came below the 48 hours moving average. In addition, the MACD double line and histogram bar hover near the zero axis. The buy limit could be placed, stop loss is necessary.
Today's Key Price Levels:
Key Support Levels: [1.1410]
Key Resistance Levels: [1.1600]
Pivot Points [1.1460]
2. Gold Analysis:
News Summary:
The US Treasury is facing a funding crisis because the debt ceiling has not been raised, and this situation puts it in a very difficult position because they now face two major challenges in the future. The Fed is clearly going back to quantitative easing; there is no doubt about that. If a lot of bond purchases come from the Fed, it will be very positive for gold. In addition, gold prices may rise again due to risk aversion caused by Trump's war warning against Iran.
Trend Analysis:
We can see gold dropped and then rebounded and ran near the 48 hours moving average on H4 chart. On the other hand, the MACD double line and energy bar converge above the zero axis. The buy limit could be used, stop loss is compulsory.
Today's Key Price Levels:
Key Support Levels: [3343]
Key Resistance Levels: [3437]
Pivot Points [3365]