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FUND Buy 23.02.2024 10:47

EUR/USD: EU inflation slowed to –0.4% in January

Against a decline in the American dollar and positive macroeconomic statistics from the EU, the EUR/USD pair shows ambiguous trading dynamics, consolidating near 1.0830 and preparing to end the weekly session with moderate growth.

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FUND Sell 20.02.2024 09:18

EUR/USD: the European currency stopped its correctional growth

The EUR/USD pair shows a slight decline, retreating from the local highs of February 13, updated the day before. The instrument is testing 1.0765 for a breakdown, and investors are expecting new drivers to emerge. Market activity at the beginning of the week remains subdued due to the almost complete absence of macroeconomic publications in the EU, and the US markets were closed the day before to celebrate Presidents' Day.

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TECH Sell 19.02.2024 08:29

EUR/USD: wave analysis

A fall is possible.

On the daily chart, the upward wave B develops, within which the first wave 1 of (А) of B formed, and a downward correction develops as the second wave 2 of (А) of B. Now, the wave b of 2 has ended, and the wave c of 2 is forming, within which the wave of the lower level (iii) of c is developing. If the assumption is correct, the EUR/USD pair will fall to the area of 1.0614–1.0414. In this scenario, critical stop loss level is 1.0896.

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FUND Sell 16.02.2024 12:54

EUR/USD: strengthening of downward dynamics – in the future

The EUR/USD pair has been declining for the second month in a row, forming a new downtrend and currently holding near 1.0765: quotes are pressured amid likely changes in the timing of interest rate cuts by the US Federal Reserve. Previously, market participants expected that a change in the course of monetary policy would begin in March, then the focus of expectations shifted to May, but after the publication of January inflation data this week, a decrease in borrowing costs is expected no earlier than June or even in the second half of the year.

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FUND Buy 12.02.2024 12:18

EUR/USD: investors expect the first ECB interest rate cut in June

During the Asian session, the EUR/USD pair is growing from the support level of 1.0740, holding around 1.0772 after statements by representatives of the European Central Bank (ECB) and the macroeconomic statistics release.

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Indicators

MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Buy
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Buy
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Wait
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Wait
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Wait
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Buy
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Buy

Market sentiment

55.64% sell
44.36% buy